1488

LAWS OF MARYLAND

Ch. 246

(7)  THE CURRENT OPERATING BUDGET OF THE
CONDOMINIUM;

(8)  A STATEMENT OF ANY JUDGMENTS AGAINST THE
CONDOMINIUM AND THE STATUS OF ANY PENDING SUITS TO WHICH THE
COUNCIL OF UNIT OWNERS IS A PARTY;

(9)  A STATEMENT DESCRIBING ANY INSURANCE
COVERAGE PROVIDED FOR THE BENEFIT OF UNIT OWNERS;

(10)  A STATEMENT AS TO WHETHER THE COUNCIL OF
UNIT OWNERS' BOARD HAS KNOWLEDGE THAT ANY ALTERATION OR
IMPROVEMENT TO THE UNIT OR TO THE LIMITED COMMON ELEMENTS
ASSIGNED THERETO VIOLATES ANY PROVISION OF THE DECLARATION,
BYLAWS, OR RULES OR REGULATIONS;

(11)  A STATEMENT AS TO WHETHER THE COUNCIL OF
UNIT OWNERS' BOARD HAS KNOWLEDGE OF ANY VIOLATION OF THE
HEALTH OR BUILDING CODES WITH RESPECT TO THE UNIT, THE
LIMITED COMMON ELEMENTS ASSIGNED THERETO, OR ANY OTHER
PORTION OF THE CONDOMINIUM; AND

(12)  A STATEMENT OF THE REMAINING TERM OF ANY
LEASEHOLD ESTATE AFFECTING THE CONDOMINIUM AND THE
PROVISIONS GOVERNING ANY EXTENSION OR RENEWAL THEREOF.

(B)  THE COUNCIL OF UNIT OWNERS, WITHIN 16 20 DAYS
AFTER A WRITTEN REQUEST BY A UNIT OWNER AND RECEIPT OF THE
FEE THEREFORE, IF ANY, SHALL FURNISH A CERTIFICATE
CONTAINING THE INFORMATION NECESSARY TO ENABLE THE UNIT
OWNER TO COMPLY WITH SUBSECTION (A). A UNIT OWNER PROVIDING
A CERTIFICATE PURSUANT TO SUBSECTION (A) IS NOT LIABLE TO
THE PURCHASER FOR ANY ERRONEOUS INFORMATION PROVIDED BY THE
ASSOCIATION AND INCLUDED IN THE CERTIFICATE.

(C)  A PURCHASER IS NOT LIABLE FOR ANY UNPAID
ASSESSMENT OR FEE GREATER THAN THE AMOUNT SET FORTH IN THE
CERTIFICATE PREPARED BY THE COUNCIL OF UNIT OWNERS. A UNIT
OWNER IS NOT LIABLE TO A PURCHASER FOR THE FAILURE OR DELAY
OF THE COUNCIL OF UNIT OWNERS TO PROVIDE THE CERTIFICATE IN
A TIMELY MANNER, BUT THE PURCHASE CONTRACT IS VOIDABLE BY
THE PURCHASER UNTIL THE CERTIFICATE HAS BEEN PROVIDED AND
FOR 5 DAYS THEREAFTER OR UNTIL CONVEYANCE, WHICHEVER FIRST
OCCURS.

(D)  UPON ANY SALE OF A CONDOMINIUM UNIT, THE PURCHASER
OR HIS AGENT SHALL PROVIDE TO THE COUNCIL OF UNIT OWNERS TO
THE EXTENT AVAILABLE, THE NAME AND FORWARDING ADDRESS OF THE
PRIOR UNIT OWNER, THE NAME AND ADDRESS OF THE PURCHASER, THE
NAME AND ADDRESS OF ANY MORTGAGEE, THE DATE OF SETTLEMENT,
AND THE PROPORTIONATE AMOUNTS OF ANY OUTSTANDING CONDOMINIUM
FEES OR ASSESSMENTS ASSUMED BY EACH OF THE PARTIES TO THE
TRANSACTION.

11-136.