(a) General rule.--Before conveying a unit, other than by deed in lieu of foreclosure, to a purchaser other than a declarant, a declarant shall record or furnish to the purchaser releases of all liens affecting that unit and its common element interest which the purchaser does not expressly agree to take subject to or assume, or shall provide a surety bond or substitute collateral for or insurance against the lien adequate in nature and amount. This subsection does not apply to any convertible or withdrawable real estate in which no unit has been conveyed.
(b) Other liens.--Before conveying real estate to the association, the declarant shall have the real estate released from:
(1) All liens, the foreclosure of which would deprive unit owners of any right of access to or easements of support of their units.
(2) All other liens, including, without limitation, real estate taxes, on that real estate unless the public offering statement describes certain real estate which may be conveyed subject to liens in specified amounts.
(Dec. 18, 1992, P.L.1279, No.168, eff. 45 days; Oct. 19, 2018, P.L.551, No.84, eff. 60 days)
2018 Amendment. Act 84 amended subsec. (b)(2).
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 68 - REAL AND PERSONAL PROPERTY
Chapter 34 - Protection of Purchasers
Section 3401 - Applicability; waiver
Section 3402 - Public offering statement; general provisions
Section 3403 - Public offering statement; time-share estates
Section 3404 - Public offering statement; condominiums containing conversion buildings
Section 3405 - Public offering statement; condominium securities
Section 3406 - Purchaser's right to cancel
Section 3407 - Resales of units
Section 3408 - Escrow of deposits
Section 3409 - Release of liens
Section 3410 - Condominiums containing conversion buildings
Section 3411 - Warranty against structural defects
Section 3412 - Effect of violations on rights of action
Section 3413 - Labeling of promotional material
Section 3414 - Declarant's obligation to complete and restore