§ 34-36.1-4.06 - Public offering statement – Condominiums containing conversion buildings. - Rhode Island Statutes

SECTION 34-36.1-4.06

   § 34-36.1-4.06  Public offering statement– Condominiums containing conversion buildings. – (a) The public offering statement of a condominium containing any conversionbuilding must contain, in addition to the information required by §34-36.1-4.03:

   (1) A statement by the declarant, based on a report preparedby a registered architect or engineer, describing the present condition of allstructural components and mechanical and electrical installations material tothe use and enjoyment of the building;

   (2) A statement by the declarant of the expected useful lifeof each item reported on in subdivision (a)(1) or a statement that norepresentations are made in that regard; and

   (3) A list of any outstanding notices of incurred violationsof building code or other municipal regulations, together with the estimatedcost of curing those violations.

   (b) This section applies only to buildings containing unitsthat may be occupied for residential use.