1390

LAWS OF MARYLAND

Ch. 357

(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;

(11)  A statement of any judgments against the council
of unit owners and the existence of any pending suits to which
the council of unit owners is a party;

(12)  In the case of a condominium containing
buildings substantially completed more than 5 years prior to the
filing of the application for registration under § 11-127, 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, and
estimated costs of repairs for which a present need is disclosed
in the statement and a statement of repairs which the vendor
intends to make. The vendor is entitled to rely on the reports
of architects or engineers authorized to practice their
profession in this State;

(13)  A description of any provision in the
declaration or bylaws limiting or providing for the duration of
developer control or requiring the phasing-in of unit owner
participation, or a statement that there is no such provision;

(14)  If the condominium is one which will be created
by the conversion of a rental facility, a copy of the notice and
materials required by §§ 11-102.1 and 11-137 of this title; [and]

(15)  A STATEMENT OF WHETHER THE UNIT BEING PURCHASED
IS SUBJECT TO AN EXTENDED LEASE UNDER § 11-137 OF THIS TITLE, OR
LOCAL LAW, AND A COPY OF ANY EXTENDED LEASE; AND

[(15)] (16) Any other information required by
regulation duly adopted and issued by the Secretary of State.

(f) (1) Any vendor who, in disclosing the information
required under subsections (a) and (b), makes any untrue
statement of a material fact, or omits to state a material fact
REQUIRED TO BE STATED OR necessary in order to make the
statements made, in the light of circumstances under which they
were made, not misleading, shall be liable to any person
purchasing a unit from him THE VENDOR FOR THOSE DAMAGES
PROXIMATELY CAUSED BY THE VENDOR'S UNTRUE STATEMENT OR OMISSION.
However, an action may not be maintained to enforce any liability
created under this section unless brought within 1 year after the
facts constituting the cause of action are or should have been
discovered.

(2) IN ADDITION TO OTHER REMEDIES PROVIDED BY LAW, A
PERSON PURCHASING A UNIT MAY RECOVER THOSE DAMAGES APPROXIMATELY
CAUSED BY THE VENDOR'S UNTRUE STATEMENT OR OMISSION OF A MATERIAL

FACT.