CPA · Condominium Property Act
12.2 Requirements of purchase agreement
include in the purchase agreement the following:
(a) a notification in the prescr ibed form stating as follows:
"The purchaser may, without incurring any liability for
doing so, rescind this agreement within 10 days of the later
of the date the purchaser receives all of the information and
documents required to be delivered to the purchaser under
section 12 of the Condominium Property Act and the date
the purchaser signs the purchase agreement. This agreement
is governed by the Condominium Property Act and if there
is a conflict between this agreement and the Act, the Act
prevails.";
(b) where the units and the common property are not
substantially completed at the time that the purchase
agreement is entered into, a description, drawing or
photograph showing
(i) where there is a building, the interior finishing of and all
major improvements to the common property located
within a building, and real and personal property
intended to be acquired by the corporation,
(ii) all major improvements to the common property, other
than those to which subclause (i) applies,
(iii) any significant utility installations, major easement
areas, retaining walls and other similar significant
features,
(iv) the recreational facilities, equipment and other amenities
to be available for use by the persons residing in or on
the residential units,
(v) the equipment to be used for the maintenance of the real
and personal property of the corporation, the common
property and managed property,
(vi) the location of roadwa ys, walkways, fences, parking
areas and recreational facilities,
(vii) the landscaping, and
(viii) where there is a building, the exterior finishing of the
building as it will exist when the developer has fulfilled
RSA 2000
the developer's obligations under the purchase
agreement;
(c) the amount or estimated amount of the monthly unit
contributions based on the budget or proposed budget
referred to in section 12(1)(l);
(d) the unit factor of the unit and the basis of unit factor
apportionment for all units included in the condominium
plan or proposed condominium plan.
2014 c10 s6