During the period of declarant control, the association shall keep detailed financial records, including, without limitation, a record of expenses paid by the declarant until the commencement of common expense assessments by the association under section 3314(a) (relating to assessments for common expenses), the commencement date of common expense assessments by the association and, for the period commencing on such date, a record for each unit in the condominium (including those owned by the declarants) of its common expense assessments and the payments thereof. The association shall keep financial records sufficiently detailed to enable the association to comply with section 3407 (relating to resales of units). All financial and other records shall be made reasonably available for examination by any unit owner and his authorized agents.
(Dec. 18, 1992, P.L.1279, No.168, eff. 45 days)
Cross References. Section 3316 is referred to in sections 3102, 3103, 3322 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 68 - REAL AND PERSONAL PROPERTY
Chapter 33 - Management of the Condominium
Section 3301 - Organization of unit owners' association
Section 3302 - Powers of unit owners' association
Section 3303 - Executive board members and officers
Section 3304 - Transfer of special declarant rights
Section 3305 - Termination of contracts and leases of declarant
Section 3307 - Upkeep of condominium
Section 3310 - Voting; proxies
Section 3311 - Tort and contract liability
Section 3314 - Assessments for common expenses
Section 3315 - Lien for assessments
Section 3316 - Association records
Section 3317 - Association as trustee
Section 3318 - Conveyance or encumbrance of common elements
Section 3319 - Other liens affecting the condominium
Section 3320 - Declarant delivery of items to association
Section 3321 - Alternative dispute resolution in condominiums
Section 3322 - Complaints filed with Bureau of Consumer Protection