64.34.415 - Public offering statement -- Conversion condominiums. - Washington Statutes

Public offering statement — Conversion condominiums.

(1) The public offering statement of a conversion condominium shall contain, in addition to the information required by RCW 64.34.410:

     (a) Either a copy of a report prepared by an independent, licensed architect or engineer, or a statement by the declarant based on such report, which report or statement describes, to the extent reasonably ascertainable, the present condition of all structural components and mechanical and electrical installations material to the use and enjoyment of the condominium;

     (b) A copy of the inspection and repair report prepared by an independent, licensed architect, engineer, or qualified building inspector in accordance with the requirements of RCW 64.55.090;

     (c) A statement by the declarant of the expected useful life of each item reported on in (a) of this subsection or a statement that no representations are made in that regard; and

     (d) A list of any outstanding notices of uncured violations of building code or other municipal regulations, together with the estimated cost of curing those violations. Unless the purchaser waives in writing the curing of specific violations, the extent to which the declarant will cure such violations prior to the closing of the sale of a unit in the condominium shall be included.

     (2) This section applies only to condominiums containing units that may be occupied for residential use.

[2005 c 456 § 18; 1992 c 220 § 22; 1990 c 166 § 10; 1989 c 43 § 4-104.]

Notes: Captions not law -- Effective date--2005 c 456: See RCW 64.55.900 and 64.55.901.

Effective date -- 1990 c 166: See note following RCW 64.34.020.