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Session Laws, 1973
Volume 709, Page 13   View pdf image
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Ch. 2                                 MARVIN MANDEL, Governor                                    13

10-202.

(c) If an express warranty is made under subsection (a), neither words in the
contract of sale, the deed, or other instrument of conveyance, nor merger of the
contract of sale into the deed or any other instrument of conveyance shall be
effective to exclude or modify such warranty, provided, however, that at any time
after the execution of the contract of sale such a warranty may be excluded or
modified in whole or in part by a written instrument, signed by the buyer, which
sets forth in [the] detail the warranty to be excluded or modified, the consent of
the buyer to such exclusion or modification, and the terms of the new agreement
with respect thereto.

10-203.

(a) Unless excluded or modified pursuant to subsection (c) of this section, in
every sale warranties are implied that the improvement is

(1)  Free from faulty materials,

(2)  Constructed according to sound engineering standards [.],

(3)  Constructed in a workmanlike manner, and

(4)  Fit for habitation, at the time of the delivery of the deed to a completed
improvement, or at the time of the completion of an improvement not completed
when the deed is delivered, provided, however, that these warranties do not apply
to any condition that an inspection of the premises would have revealed to a
reasonably diligent buyer at the time the contract was signed.

10-401.

No recorded contract for the sale of real property shall be enforceable or
constitute an encumbrance on the title of such property, when the buyer is not in
possession, as against persons other than the original parties thereto, unless within
five years after the date set out in the recorded contract for the delivery of the
deed, an action or proceedings shall have been commenced to enforce such
contract. If no date for the delivery of the deed is designated in the recorded
contract, then any action or [proceedings] PROCEEDING must have been
commenced within five years after the date when, according to the terms of the
recorded contract, the final payment or installment of the purchase price was
required to be paid. The existence of a disability on the part of either party to the
contract at the commencement of this five-year period shall not operate to extend
such five-year period.

11-101.

Unless it is plainly evident from the context that a different meaning is
intended, as used herein:

(a) "Unit" or "condominium unit" means an enclosed space consisting of one
or more rooms occupying all or part of one or more floors in buildings of one or
more floors or stories regardless of whether they are designed for residence, for
office, for the operation of any industry or business, for any other type of
independent use, and shall include such accessory facilities as may be related
thereto, such as garage space, storage space, balcony, terrace or patio, provided
said unit has a direct exit to a thoroughfare or to a given common element leading
to a thoroughfare;

 

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Session Laws, 1973
Volume 709, Page 13   View pdf image
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