A:IX - MATERIAL FOR RESALE OF UNITS

CHANGES:

-Requirement added requiring code violations and plan of resolution to be added to The Resale Certificate

-Sentence added acknowledging additional info is available at the office

Discussion held:

-Additions needed due to a number of recent sales including LHPOA’s having responsibilities.

-Any expense to LH (not already budgeted for) in the resale certificate will require a BOD meeting to approve

OLD:

(Article XXI)

In Accordance with Section 5407 (b) of the Pennsylvania Uniform Planned Community Act, the Association will, within 10 days of a formal request from the seller (or his agent), provide the seller (or his agent) with the necessary Documentation and Resale Certificate as dictated by Section 5407 (a). The 10-day processing period will not begin until a non-refundable fee, to cover the cost of research and preparation, has been paid in full. Said fee shall be established by the Lake Heritage Board of Directors and reviewed by the Treasurer at least once a year to ascertain its reasonableness.

NEW:

(Article IX)

In accordance with Section 5407 (b) of the Pennsylvania Uniform Planned Community Act, the Association will, within 10 days of a formal request from the seller (or his agent), provide the seller (or his agent) with the necessary Documentation and Resale Certificate as dictated by Section 5407 (a). The 10-day processing period will not begin until a non-refundable fee, to cover the cost of research and preparation, has been paid in full. The Resale Certificate shall contain a list of all LHPOA code deficiencies along with a mutually agreed plan for resolution of the identified issues. Said fee shall be established by the LHPOA BOD and reviewed by the Treasurer at least once a year to ascertain its reasonableness. Additional resale information is contained in the Realtor Guide, available at the office, website or the Member portal.

CHANGES:

In Aaccordance with Section 5407 (b) of the Pennsylvania Uniform Planned Community Act, the Association will, within 10 days of a formal request from the seller (or his agent), provide the seller (or his agent) with the necessary Documentation and Resale Certificate as dictated by Section 5407 (a). The 10-day processing period will not begin until a non-refundable fee, to cover the cost of research and preparation, has been paid in full. The Resale Certificate shall contain a list of all LHPOA code deficiencies along with a mutually agreed plan for resolution of the identified issues. Said fee shall be established by the Lake Heritage Board of DirectorsHPOA BOD and reviewed by the Treasurer at least once a year to ascertain its reasonableness.

Additional resale information is contained in the Realtor Guide, available at the office, website or the Member portal