934
LAWS OF MARYLAND
Ch. 348
[[Sections]] Section 11-124 [[and 11-125]] of Article -
Real Property, of the Annotated Code of Maryland (1974
Volume and 1975 Supplement) be and [[they are]] it is
hereby repealed.
SECTION 3. AND BE IT FURTHER ENACTED, That new
Sections 11-105(e)[[,]] and 11-124 [[and 11-125]] be and
they are hereby added to Article — Real Property, of the
Annotated Code of Maryland (1974 Volume and 1975
Supplement) to read as follows:
Article — Real Property
105.
(E) EXCEPT AS PROVIDED IN § 11-117, THE
CONDOMINIUM PLAT MAY BE AMENDED ONLY WITH THE WRITTEN
CONSENT OF EVERY UNIT OWNER AND MORTGAGEE. AN AMENDMENT
BECOMES EFFECTIVE UPON RECORDATION IN THE SAME MANNER AS
THE CONDOMINIUM PLAT.
Section 11—105 Comment:
The addition of subsection (e) conforms the
requirements for amendments to the condominium plat to
those provided for amendments to the declaration.
11-124. DISCLOSURE REQUIREMENTS.
(A) NO CONTRACT FOR THE INITIAL SALE OF A UNIT TO
A MEMBER OF THE PUBLIC SHALL BE ENFORCEABLE BY THE VENDOR
UNLESS (1) AT LEAST 15 DAYS PRIOR TO CLOSING THE
PURCHASER IS GIVEN ALL OF THE INFORMATION SET FORTH IN
SUBSECTION (B); AND (2) THE CONTRACT OF SALE CONTAINS, IN
CONSPICUOUS TYPE, A NOTICE IN THE FORM SPECIFIED IN
SUBSECTION (I).
(B) THE INFORMATION REFERRED TO IN SUBSECTION (A)
SHALL BE SUFFICIENT FOR THE PURPOSES OF THIS SECTION IF
IT CONTAINS AT LEAST THE FOLLOWING:
(1) A COPY OF THE PROPOSED CONTRACT OF SALE
FOR THE UNIT;
(2) A COPY OF THE PROPOSED DECLARATION AND
BYLAWS;
(3) A COPY OF THE PROPOSED ARTICLES OF
INCORPORATION OF THE COUNCIL OF UNIT OWNERS, IF IT IS TO
BE INCORPORATED;
(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;
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