Contracts
A Pennsylvania condominium resale requires the seller to provide the buyer with a 'resale certificate' that includes information about:
AOnly the unit's assessed value
BThe association's financial condition, outstanding assessments, pending litigation, and rules✓ Correct
CThe unit's rental history
DThe developer's original offering price
Explanation
The PA Condominium Act requires sellers to provide buyers with a resale certificate containing current information about: the association's financial statements and budget, any pending assessments or litigation, current fees, rules and regulations, and reserve fund status. This helps buyers evaluate the association's financial health.
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