Home Table of Contents

§ 3305. Termination of contracts and leases of declarant

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 68 Pa.C.S.A. Real and Personal Property

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 33. Management of the Condominium
68 Pa.C.S.A. § 3305
§ 3305. Termination of contracts and leases of declarant
Currentness
If entered into before the executive board elected by the unit owners pursuant to section 3303(e) (relating to executive board members and officers) takes office:
(1) any management contract, employment contract or lease of recreational or parking areas or facilities;
(2) any other contract or lease to which a declarant or an affiliate of a declarant is a party; or
(3) any contract or lease that is not bona fide or was unconscionable to the unit owners at the time entered into under the circumstances then prevailing;
may be terminated without penalty by the association at any time after the executive board elected by the unit owners pursuant to section 3303(e) takes office upon not less than 90 days' notice to the other party. This section does not apply to any lease the termination of which would terminate the condominium or reduce its size unless the real estate subject to that lease was submitted to the condominium for the purpose of avoiding the right of the association to terminate a lease under this section.

Credits

1980, July 2, P.L. 286, No. 82, § 1, effective in 120 days.
68 Pa.C.S.A. § 3305, PA ST 68 Pa.C.S.A. § 3305
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document