Reservation of option not to expand; disclosure
Sec. 15. If a declarant reserves an option in the declaration to not
expand the condominium, the declarant shall:
(1) make a full disclosure of that option to every prospective
buyer in writing before the buyer enters an agreement to
purchase a condominium unit; and
(2) obtain and retain an instrument acknowledging receipt of
that disclosure by the prospective buyer.
As added by P.L.2-2002, SEC.10.
Last modified: May 24, 2006