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1996 SESSION

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HB 440 Condominium Act; public offering statement.

Introduced by: Julia A. Connally | all patrons    ...    notes | add to my profiles

SUMMARY:

Condominium Act; public offering statement. Requires a declarant (developer) of a condominium to include, as part of the public offering statement, a statement listing those facilities or amenities defined as common elements or limited common elements in the condominium instruments which are available to a purchaser for use. Such statement shall also include whether there are any fees or other charges for the use of such facilities or amenities which are not included as part of any assessment, and the amount of such fees or charges, if any, a purchaser may be required to pay.


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