12 Sale of units by developers
proposed unit unless the developer has delivered to the purchaser a
copy of
(a) the purchase agreement;
(b) the condominium plan or proposed condominium plan;
(c) the bylaws or proposed bylaws;
(d) any management agreement or proposed management
agreement;
(e) any recreational agreement or proposed recreational
agreement;
(f) the lease of the parcel if the parcel on which the unit is
located, or the proposed unit will be located, is held under a
lease and the certificate of title to the unit or proposed unit
has been or will be issued under section 5(1)(b);
(g) in respect of a mortgage that affects, or a proposed mortgage
that will affect, the title to the unit or proposed unit after the
certificate of title is issued in the name of the purchaser,
(i) a copy of the mortgage or proposed mortgage, or
(ii) where the purchaser is to assume the mortgage or
proposed mortgage, a statement containing the
information referred to in subsection (2);
(h) any mortgage or financial encumbrance registered against
real property owned or to be owned by the corporation;
(i) any home warranty in surance contract under the New Home
Buyer Protection Act under which the corporation is or will
be named as the insured;
(j) if the unit is a conversion unit,
(i) the building assessment report prepared
(A) under the New Home Buyer Protection Act or this
Act as it read immediately before July 1, 2021, or
(B) under this Act as it read immediately before the
coming into force of this clause,
or
RSA 2000
(ii) the converted property study prepared under section 21.1
on or after the coming into force of this clause;
(j.1) if the unit is a conversion unit, the reserve fund report
required by the regulations;
(j.2) any technical analysis required under section 21.2;
(k) a statement prepared in accordance with the regulations
setting out a fixed date or range of dates by which the
purchaser may commence occupancy of the unit;
(l) the most recent budget or proposed budget of the
corporation prepared in accordance with the regulations;
(m) any other information or documents prescribed by the
regulations.
(2) The statement to be provided under subsection (1)(g)(ii) must
contain the following information:
(a) the maximum principal amount available under the
mortgage;
(b) the maximum monthly payment that may be paid under the
mortgage;
(c) the amortization period;
(d) the term;
(e) the interest rate or the formula, if any, for determining the
interest rate;
(f) the prepayment privileges, if any.
(3) Repealed 2024 c20 s1(9).
RSA 2000 cC-22 s12;2014 c10 s6;2024 c20 s1(9)