WILLIAM DONALD SCHAEFER, Governor                        Ch. 5

Condominium Act. This information must include at least the
following:

(i) A copy of the declaration (other than the
plats);

(ii) A copy of the bylaws;

(iii) A copy of the rules and regulations of
the condominium;

(iv) 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, other than any
restraint created by the unit owner;

2.  A statement of 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 the unit owners to the council of unit owners;

4.  A statement of any capital
expenditures approved by the council of unit owners or its
authorized designee planned at the time of the conveyance which
are not reflected in the current operating budget included in the
certificate;

5.  The most recently prepared balance
sheet and income and expense statement, if any, of the
condominium;

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

7.  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;

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

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