§1604-105. Public offering statement; condominiums containing conversion buildings
(a) The public offering statement of a condominium containing any conversion building must contain, in addition to the information required by section 1604‑103:
(1) A statement by the declarant, based on a report prepared by an independent architect or engineer, who is not affiliated with the declarant, describing the present condition of all structural components, waste disposal system, water system and mechanical and electrical installations material to the use and enjoyment of the building; [PL 1981, c. 699 (NEW).]
(2) A statement by the declarant of the expected useful life of each item reported on in paragraph (1) or a statement that no representations are made in that regard; and [PL 1981, c. 699 (NEW).]
(3) A list of any outstanding notices of uncured violations of building code or other municipal, state or federal laws or regulations, together with the estimated cost of curing those violations. [PL 1981, c. 699 (NEW).]
(b) This section applies only to buildings containing units that may be occupied for residential use, and does not apply to a condominium governed by section 1604‑103, subsection (b). [PL 1981, c. 699 (NEW).]
SECTION HISTORY
PL 1981, c. 699 (NEW).
Structure Maine Revised Statutes
Chapter 31: MAINE CONDOMINIUM ACT
Article 4: PROTECTION OF CONDOMINIUM PURCHASERS
33 §1604-101. Applicability; waiver
33 §1604-102. Liability for public offering statement requirements
33 §1604-103. Public offering statement; general provisions
33 §1604-104. Public offering statement; condominiums subject to development rights
33 §1604-105. Public offering statement; condominiums containing conversion buildings
33 §1604-106. Public offering statement; condominium securities
33 §1604-107. Purchaser's right to cancel
33 §1604-108. Resales of units
33 §1604-109. Escrow of deposits
33 §1604-110. Release of liens
33 §1604-111. Conversion buildings
33 §1604-112. Express warranties of quality
33 §1604-113. Implied warranties of quality
33 §1604-114. Exclusion or modification of implied warranties of quality
33 §1604-115. Statute of limitations for warranties
33 §1604-116. Effect of violations on rights of action
33 §1604-117. Labeling of promotional material
33 §1604-118. Declarant's obligation to complete and restore