Release of liens - 68 Pa. Cons. Stat. § 3409
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Pennsylvania Statutes
§ 3409. Release of liens.
(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 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)
Section: 3402 3403 3404 3405 3406 3407 3408 3409 3410 3411 3412 3413 3414 4101 4102
Last modified: November 27, 2007
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