WILLIAM DONALD SCHAEFER, Governor                        Ch. 5

(iv) A statement of any capital expenditures
approved by the council of unit owners planned at the time of the
conveyance which are not reflected in the current operating
budget disclosed under subparagraph (vi) of this paragraph;

(v) The most recent regularly prepared balance
sheet and income expense statement, if any, of the condominium;

(vi) The current operating budget of the
condominium including details concerning the reserve fund for
repair and replacement and its intended use, or a statement that
there is no reserve fund;

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

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

(ix) 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;

(x) 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;

(xi) A statement of the remaining term of any
leasehold estate affecting the condominium and the provisions
governing any extension or renewal thereof; and

(xii) 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

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

(i) 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;

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