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§ 3409. Release of liens

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 68 Pa.C.S.A. Real and Personal PropertyEffective: December 18, 2018

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 68 Pa.C.S.A. Real and Personal Property (Refs & Annos)
Part II. Real Property
Subpart B. Condominiums (Refs & Annos)
Chapter 34. Protection of Purchasers
Effective: December 18, 2018
68 Pa.C.S.A. § 3409
§ 3409. Release of liens
Currentness
(a) General rule.--Before conveying a unit, other than by deed in lieu of foreclosure, to a purchaser other than a declarant, a declarant shall record or furnish to the purchaser releases of all liens affecting that unit and its common element interest which the purchaser does not expressly agree to take subject to or assume, or shall provide a surety bond or substitute collateral for or insurance against the lien adequate in nature and amount. This subsection does not apply to any convertible or withdrawable real estate in which no unit has been conveyed.
(b) Other liens.--Before conveying real estate to the association, the declarant shall have the real estate released from:
(1) All liens, the foreclosure of which would deprive unit owners of any right of access to or easements of support of their units.
(2) All other liens, including, without limitation, real estate taxes, on that real estate unless the public offering statement describes certain real estate which may be conveyed subject to liens in specified amounts.

Credits

1980, July 2, P.L. 286, No. 82, § 1, effective in 120 days. Amended 1992, Dec. 18, P.L. 1279, No. 168, § 7, effective in 45 days; 2018, Oct. 19, P.L. 551, No. 84, § 4, effective in 60 days [Dec. 18, 2018].
68 Pa.C.S.A. § 3409, PA ST 68 Pa.C.S.A. § 3409
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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