1394

LAWS OF MARYLAND

Ch. 358

8.  A statement generally describing any
insurance policies provided for the benefit of the unit owners, a
notice that the policies are available for inspection stating the
location at which they are available, and a notice that the terms
of the policy prevail over the general description;

9.  A statement as to whether the council
of unit owners has knowledge that any alteration or improvement
to the unit or to the limited common elements assigned to the
unit violates any provision of the declaration, bylaws, or rules
or regulations;

10.  A statement as to whether the council
of unit owners has knowledge of any violation of the health or
building codes with respect to the unit, the limited common
elements assigned to the unit, or any other portion of the
condominium;

11.  A statement of the remaining term of
any leasehold estate affecting the condominium and the provisions
governing any extension or renewal of it; and

12.  A description of any recreational or
other facilities which are to be used by the unit owners or
maintained by them or the council of unit owners, and a statement
as to whether or not they are to be a part of the common
elements; and

(v) A statement by the unit owner as to whether
the unit owner has knowledge:

1.  That any alteration to the unit or to
the limited common elements assigned to the unit violates any
provision of the declaration, bylaws, or rules and regulations.

2.  Of any violation of the health or
building codes with respect to the unit or the limited common
elements assigned to the unit.

3. THAT THE UNIT IS SUBJECT TO AN
EXTENDED LEASE UNDER § 11-137 OF THIS TITLE OR UNDER LOCAL LAW,
AND IF SO, A COPY OF THE LEASE MUST BE PROVIDED.

You will have the right to cancel this contract without
penalty, at any time within 7 days following delivery to you of
all of this information. However, once the sale is closed, your
right to cancel the contract is terminated."

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 13, 1986.