2010 Pennsylvania Code
Title 68 - REAL AND PERSONAL PROPERTY
Chapter 54 - Protection of Purchasers
5404 - Public offering statement; planned communities containing conversion buildings.

     § 5404.  Public offering statement; planned communities
                containing conversion buildings.
        (a)  General rule.--The public offering statement of a
     planned community containing a conversion building must contain,
     in addition to the information required by section 5402
     (relating to public offering statement; general provisions):
            (1)  A statement by the declarant, based on a report
        prepared by an independent registered architect or
        professional engineer:
                (i)  Describing the age and present condition and, if
            known or reasonably ascertainable, the dates of
            construction, installation and major repairs of all
            structural components and mechanical and electrical
            installations, including, but not limited to, roofs,
            plumbing, heating, air conditioning, elevators, storm
            water systems and sewage treatment systems material to
            the use and enjoyment of the planned community.
                (ii)  Describing the results of the inspection of the
            units and common elements required pursuant to section
            5411(c) (relating to warranty against structural defects)
            for visible conditions that adversely affect the health
            or safety of residential occupants. The statement should
            also state the extent to which the report by the
            architect or professional engineer is based upon a visual
            inspection of the units as well as the common elements.
            (2)  A statement by the declarant of the expected useful
        life of each item reported on in paragraph (1), including the
        current replacement costs of such item.
            (3)  A list of any outstanding notices of uncured
        violations of building codes or other municipal regulations,
        together with the estimated cost of curing those violations.
            (4)  A statement by the declarant, based on a report
        prepared by an independent licensed exterminating company,
        describing the presence at the planned community of any
        visible pest conditions dangerous to health and safety, such
        as the presence of insects and rodents dangerous to health or
        safety, and outlining actions taken or to be taken to
        eliminate the existence of pest conditions dangerous to
        health or safety.
        (b)  Applicability of section.--This section applies only to
     units that may be occupied for residential use.

        Cross References.  Section 5404 is referred to in sections
     5102, 5401, 5411 of this title.