HARRY HUGHES, Governor

1487

to unit owners having a majority of votes in the council of
unit owners may be terminated by a majority vote of the
council of unit owners without liability for the
termination. The termination shall become effective upon 30
days' written notice of the termination from the council of
unit owners. This section shall not apply to any contract
or grant between the council of unit owners and any
governmental agency or public utility.

[11-126.] 11-134.

Any provision of a declaration or other instrument made
pursuant to this title which requires the owner of a unit to
engage or employ the developer or any subsidiary or
affiliate of the developer for the purpose of effecting a
sale or lease of any unit is void. Any provision of any
contract for the sale of any unit which requires the
purchaser to engage or employ the vendor or any subsidiary
or affiliate of the vendor for the purpose of effecting a
sale or lease of any unit is void. The provisions of this
section apply to declarations, instruments and contracts
made prior to and after July 1, 1974.

11-135.

(A) IN THE EVENT OF A RESALE OF A UNIT BY A UNIT OWNER
OTHER THAN A DEVELOPER, THE UNIT OWNER SHALL FURNISH TO A
PURCHASER BEFORE EXECUTION OF ANY CONTRACT FOR SALE OF A
UNIT OR OTHERWISE BEFORE CONVEYANCE A COPY OF THE
DECLARATION (OTHER THAN THE PLATS), THE BYLAWS, THE RULES OR
REGULATIONS OF THE CONDOMINIUM, AND A CERTIFICATE
CONTAINING:

(1)  A STATEMENT DISCLOSING THE EFFECT ON THE
PROPOSED CONVEYANCE OF ANY RIGHT OF FIRST REFUSAL OR OTHER
RESTRAINT ON THE FREE ALIENABILITY OF THE UNIT;

(2)  A STATEMENT SETTING FORTH THE AMOUNT OF THE
MONTHLY COMMON EXPENSE ASSESSMENT AND ANY UNPAID COMMON
EXPENSE OR SPECIAL ASSESSMENT CURRENTLY DUE AND PAYABLE FROM
THE SELLING UNIT OWNER;

(3)  A STATEMENT OF ANY OTHER FEES PAYABLE BY
UNIT OWNERS;

(4)  A STATEMENT OF ANY CAPITAL EXPENDITURES
PROPOSED BY THE COUNCIL OF UNIT OWNERS FOR THE CURRENT AND
THE 2 NEXT SUCCEEDING FISCAL YEARS PLANNED AT THE TIME OF
THE CONVEYANCE;

(5)  A STATEMENT OF THE AMOUNT OF ANY RESERVES
FOR CAPITAL EXPENDITURES AND OF ANY PORTIONS OF THOSE
RESERVES DESIGNATED BY THE COUNCIL OF UNIT OWNERS FOR ANY
SPECIFIED PROJECTS;

(6)  THE MOST RECENT REGULARLY PREPARED BALANCE
SHEET AND INCOME AND EXPENSE STATEMENT, IF ANY, OF THE
CONDOMINIUM;