Examples of Condominium Act in a sentence
If the Property is a condominium unit, this Contract is subject to the Virginia Condominium Act that requires Seller to furnish Purchaser with certain financial and other disclosures prior to entering into a binding contract.
In this section, Condominium Act, Strata Property Act or similar legislation governing a condominium or strata property in the province or territory in which your property is located, is called the Act.
In the absence of a written agreement to the contrary, the failure of the unit owners’ association to provide the statement required by the Condominium Act or the disclosure by such statement that there have been one or more material changes shall render the purchase contract void at the option of the purchaser.
If the property is subject to the Condominium Act, the Condominium Act requires the Seller to obtain from the unit owners association a resale certificate and provide it to the purchaser.
The Purchaser my submit a copy of the contract to the unit owners association with a request for assurance that the information required by the Condominium Act previously furnished remains materially unchanged, or, if there have been material changes, a statement specifying such changes.