1478

LAWS OF MARYLAND

Ch. 246

TAKEN, THE UNIT OWNER RESPONSIBLE FOR THE DAMAGE, OR THE
COUNCIL OF UNIT OWNERS IF IT IS RESPONSIBLE, IS LIABLE FOR
THE PROMPT REPAIR. [No] AN entry by the council of unit
owners for the purposes specified in this subsection may NOT
be considered a trespass.

[(f) The declaration may provide the council of unit
owners authority to grant specific easements, rights-of-way,
licenses, and similar interests affecting the common
elements of the condominium if the grant is approved by the
affirmative vote of unit owners having 75 percent or more of
the votes. Any easement, right-of-way, license, or similar
interest granted by the council of unit owners pursuant to
this subsection shall state that the grant was approved by
unit owners having at least 75 percent of the votes.]

[11-124.] 11-126.

(a)  [No] A contract for the initial sale of a unit to
a member of the public [shall be] IS NOT enforceable by the
vendor unless (1) [at least 15 days prior to closing] the
purchaser is given AT THE TIME A CONTRACT IS ENTERED INTO
BETWEEN THE DEVELOPER AND A PURCHASER, A PUBLIC OFFERING
STATEMENT CONTAINING 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)] OF THE PURCHASER'S RIGHT TO RECEIVE A PUBLIC
OFFERING STATEMENT AND HIS RECISION RIGHTS IN ACCORDANCE
WITH THIS SECTION.

(b)  The [information] PUBLIC OFFERING STATEMENT
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;

(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 AND
DETAILS CONCERNING THE AMOUNT AND METHOD OF CALCULATION OF