SharonB6 (Pennsylvania)
Posts: 70
Posts: 70
Posted:
According to the Uniform Planned Community Act in PA
"Common Facilities" Any real estate within a planned community which is owned by the association or leased to the Association. The term does not include a unit.
So when does an association take over financial responsibilities for the Common Facilities real estate?
For example if a development has half their land undeveloped, at what point would the association take over responsibility for that land?
Does it officially start when the Association is turned over, when the Association receives the deeds or when that particular area is completed?
"Common Facilities" Any real estate within a planned community which is owned by the association or leased to the Association. The term does not include a unit.
So when does an association take over financial responsibilities for the Common Facilities real estate?
For example if a development has half their land undeveloped, at what point would the association take over responsibility for that land?
Does it officially start when the Association is turned over, when the Association receives the deeds or when that particular area is completed?