The offering statement of a condominium containing any conversion building containing units that may be occupied for residential use must contain, in addition to the information required by Section 35-8A-403:
(1) A statement by the declarant, to the best of declarant's knowledge, of the approximate age of structural components and mechanical and electrical installations which are material to the use and enjoyment of the buildings or an affirmative statement in bold face print that no representations are made in that regard and;
(2) A list of any outstanding notices of uncured violations of building code or other municipal regulations, together with the estimated cost of curing those violations.
Structure Code of Alabama
Chapter 8A - Alabama Uniform Condominium Act.
Article 4 - Protection of Condominium Purchasers.
Section 35-8A-401 - Applicability; Waiver.
Section 35-8A-402 - Liability for Offering Statement Requirements.
Section 35-8A-403 - Offering Statement - General Provisions.
Section 35-8A-404 - Offering Statement - Condominiums Subject to Development Rights.
Section 35-8A-405 - Offering Statement - Time Shares.
Section 35-8A-406 - Offering Statement - Condominiums Containing Conversion Buildings.
Section 35-8A-407 - Offering Statement - Condominium Securities.
Section 35-8A-408 - Purchaser's Right to Cancel.
Section 35-8A-409 - Resales of Units.
Section 35-8A-410 - Escrow of Deposits.
Section 35-8A-411 - Release of Liens.
Section 35-8A-412 - Conversion Buildings.
Section 35-8A-413 - Express Warranties.
Section 35-8A-414 - Effect of Violations on Rights of Action; Attorney's Fees.
Section 35-8A-415 - Labeling of Promotional Material.
Section 35-8A-416 - Declarant's Obligation to Complete and Restore.