Pennsylvania § 5305 Termination of contracts and leases of declarant

Pennsylvania Statutes

§ 5305 — Termination of contracts and leases of declarant

Pennsylvania § 5305

Title 68REAL AND PERSONAL PROPERTY

PartPART II

Ch. 53MANAGEMENT OF PLANNED COMMUNITY

This text of Pennsylvania § 5305 (Termination of contracts and leases of declarant) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

68 Pa. Cons. Stat. § 5305 (2026).

Text

(a)General rule.--If entered into before the executive board elected by the unit owners under section 5303(e) (relating to executive board members and officers) takes office, any of the following may be terminated without penalty by the association at any time after the executive board elected by the unit owners under section 5303(e) takes office upon not less than 90 days' notice to the other party:

(1)Any management contract, employment contract or lease of recreational or parking areas or facilities.

(2)Any other contract or lease to which a declarant or an affiliate of a declarant is a party.

(3)Any contract or lease that is not bona fide or was unconscionable to the unit owners at the time entered into under the circumstances then prevailing.

(b)Exception.--This section does

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(a) General rule.--If entered into before the executive board elected by the unit owners under section 5303(e) (relating to executive board members and officers) takes office, any of the following may be terminated without penalty by the association at any time after the executive board elected by the unit owners under section 5303(e) takes office upon not less than 90 days' notice to the other party:

(1) Any management contract, employment contract or lease of recreational or parking areas or facilities.

(2) Any other contract or lease to which a declarant or an affiliate of a declarant is a party.

(3) Any contract or lease that is not bona fide or was unconscionable to the unit owners at the time entered into under the circumstances then prevailing.

(b) Exception.--This section does not apply to any lease the termination of which would terminate the planned community or reduce its size unless the real estate subject to that lease was included in the planned community for the purpose of avoiding the right of the association to terminate a lease under this section.