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Termination of contracts and leases of declarant - 68 Pa. Cons. Stat. § 3305

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     § 3305.  Termination of contracts and leases of declarant.
        If entered into before the executive board elected by the
     unit owners pursuant to section 3303(e) (relating to executive
     board members and officers) takes office:
            (1)  any management contract, employment contract or
        lease of recreational or parking areas or facilities;
            (2)  any other contract or lease to which a declarant or
        an affiliate of a declarant is a party; or
            (3)  any contract or lease that is not bona fide or was
        unconscionable to the unit owners at the time entered into
        under the circumstances then prevailing;
     may be terminated without penalty by the association at any time
     after the executive board elected by the unit owners pursuant to
     section 3303(e) takes office upon not less than 90 days' notice
     to the other party. This section does not apply to any lease the
     termination of which would terminate the condominium or reduce
     its size unless the real estate subject to that lease was
     submitted to the condominium for the purpose of avoiding the
     right of the association to terminate a lease under this
     section.

        Cross References.  Section 3305 is referred to in section
     3402 of this title.

Last modified: November 27, 2007