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Pennsylvania
Limited Warranty Certificate Issued to Owner of Condominium Unit

Pennsylvania Limited Warranty Certificate Issued to Owner of Condominium Unit

Category:

Real Estate - Certificates

State:

Multi-State

Control #:

US-03106BG

Format:

Instant download

Description

This Limited Warranty Certificate has been prepared to comply with the requirements of the federal Magnuson-Mass Warranty-Federal Trade Commission Improvement Act enacted in 1975 (15 U.S.C. Section 2301); certain language is required by regulations promulgated by the Federal Trade Commission (16 C.F.R. Section 701.3).

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Condominiums in Pennsylvania are governed by the Uniform Condominium Act, 68 Pa. Stat. §§ 3101 to 3414 (the ?UCA?).

Ownership is the primary difference between a planned community and a condominium. A condominium must have common elements that are owned collectively by unit owners. Collective ownership is not required, however, in planned communities.

The Oregon Condominium Act, the declaration and the bylaws control the rights and obligations of the unit owners with respect to each other, the common elements and their respective units. The provisions of these documents are intended to be, and in most cases are, enforceable in a court of law.

Pennsylvania Uniform Condominium Act C.S. §§ 3101 to. 3414) was adopted in 1980 to govern the formation and operation of condominiums. Prior to the UCA, condominiums in Pennsylvania were governed by the since-repealed Unit Property Act. By definition, a condominium is a form of real estate ownership.

Condominium Law The Condominium Act of the Philippines allows Filipino citizens and businesses to buy condominiums. Foreigners, on the other hand, are limited to owning no more than 40% of a corporation's entire and outstanding capital stock, which must be Filipino-owned and controlled.

The Florida Condominium Act, Fla. Stat. §718.101, et. seq., governs the formation, management, powers, and operation of condominium associations in Florida.

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