2010 Pennsylvania Code
Title 68 - REAL AND PERSONAL PROPERTY
Chapter 32 - Creation, Alteration and Termination of Condominiums
3207 - Leasehold condominiums.

     § 3207.  Leasehold condominiums.
        (a)  Recording lease and contents of declaration.--Any lease
     the expiration or termination of which may terminate the
     condominium or reduce its size shall be recorded and the
     declaration shall state:
            (1)  The recording data for the lease.
            (2)  The date on which the lease is scheduled to expire.
            (3)  A legally sufficient description of the real estate
        subject to the lease.
            (4)  Any right of the unit owners to redeem the reversion
        and the manner whereby those rights may be exercised, or a
        statement that they do not have those rights.
            (5)  Any right of the unit owners to remove any
        improvements within a reasonable time after the expiration or
        termination of the lease, or a statement that they do not
        have those rights.
            (6)  Any rights of the unit owners to renew the lease and
        the conditions of any renewal, or a statement that they do
        not have those rights.
        (b)  Limitation on termination of leasehold interest.--After
     the declaration for a leasehold condominium is recorded, neither
     the lessor nor his successor in interest may terminate the
     leasehold interest of a unit owner who makes timely payment of
     his share of the rent and otherwise complies with all covenants
     which, if violated, would entitle the lessor to terminate the
     lease. A unit owner's leasehold interest is not affected by
     failure of any other person to pay rent or fulfill any other
     covenant.
        (c)  Merger of leasehold and fee simple interests.--
     Acquisition of the leasehold interest of any unit owner by the
     owner of the reversion or remainder does not merge the leasehold
     and fee simple interests unless the leasehold interests of all
     unit owners subject to that reversion or remainder are acquired.
        (d)  Reallocation of interests if number of units reduced.--
     If the expiration or termination of a lease decreases the number
     of units in a condominium, the common element interests, votes
     in the association and common expense liabilities shall be
     reallocated in accordance with section 3107 (relating to eminent
     domain) as though those units had been taken by eminent domain.
     Reallocations shall be confirmed by an amendment to the
     declaration prepared, executed and recorded by the association.

        Cross References.  Section 3207 is referred to in sections
     3219, 3402 of this title.