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Session Laws, 1975
Volume 716, Page 3375   View pdf image
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MARVIN MANDEL, Governor

3375

bylaws;

[(2)](3) A copy of the proposed articles of
incorporation of the council of unit owners, if it is to
be incorporated;

[(3)](4) A copy of any proposed management contract,
employment contract, or other contract affecting the use,
maintenance, or access of all or part of the condominium
to which it is anticipated the unit owners or the council
of unit owners will be a party following closing;

[(4)](5) A copy of the projected annual operating
budget for the condominium including reasonable details
concerning the estimated monthly payments by the
purchaser for assessments, and monthly charges for the
use, rental, or lease of any facilities not part of the
condominium;

[(5)](6) A copy of any lease to which it is
anticipated the unit owners or the council of unit owners
will be a party following closing;

[(6)](7) A description of any contemplated expansion
of the condominium with a general description of each
stage of expansion and the maximum number of units that
can be added to the condominium; [and]

[(7)](8) A copy of the floor plan of the unit
[together with the information that is necessary to show
the location of the common elements and other facilities
to be used by the unit owners and indicating which
facilities will be part of the condominium and which
facilities will be owned by others] [.];

[(8)](9) A DESCRIPTION OF ANY RECREATIONAL OR
OTHER FACILITIES WHICH ABE TO BE USED BY THE UNIT OWNERS
AND MAINTAINED BY THEM OR BY THE COUNCIL OF UNIT OWNERS
AND A STATEMENT AS TO WHETHER OR NOT THEY ARE TO BE PART
OF THE COMMON ELEMENTS;

[ (9)](10) A STATEMENT AS TO WHETHER STREETS WITHIN
THE CONDOMINIUM ARE TO BE DEDICATED TO PUBLIC USE OR
MAINTAINED BY THE COUNCIL OF UNIT OWNERS; AND

[(10)](11) IN THE CASE OF CONDOMINIUMS CONTAINING
BUILDINGS SUBSTANTIALLY COMPLETED MORE THAN FIVE YEARS
PRIOR TO THE RECORDATION OF THE DECLARATION, A STATEMENT
OF THE PHYSICAL CONDITION AND STATE OF REPAIR OF THE
MAJOR STRUCTURAL, MECHANICAL, ELECTRICAL, AND PLUMBING
COMPONENTS OF THE IMPROVEMENTS TO THE EXTENT REASONABLY
ASCERTAINABLE. THE VENDOR IS [[ENTITLED TO RELY ON THE]]
[[TO OBTAIN AND RELY ON CURRENT]] ENTITLED TO RELY ON
THE REPORTS OF ARCHITECTS OR ENGINEERS AUTHORIZED TO

 

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Session Laws, 1975
Volume 716, Page 3375   View pdf image
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