sec.97FInformation to be given by seller to buyer

### sec.97F Information to be given by seller to buyer Before a seller enters into a contract with another person (the buyer ) for the sale to the buyer of a leasehold building units lot or a proposed lot, the seller must give the buyer a disclosure statement. The disclosure statement must— identify the leasehold building units lot or the proposed lot; and if the contract is for the sale of a proposed leasehold building units lot by an original seller—be accompanied by a disclosure plan, complying with section 97G , for the proposed lot; and if the contract is for the sale of a leasehold building units lot or a proposed leasehold building units lot by an original seller—include or be accompanied by the matters mentioned in section 97H ; and if the contract is for the sale of any proposed lot by a seller—state the date by which the seller must settle the contract for the sale of the lot as provided under section 97J . The disclosure statement must be signed by the seller. The disclosure statement must be substantially complete. If the contract has not already been settled, the buyer may terminate the contract if the seller has not complied with subsection (1) . The seller does not fail to comply with subsection (1) merely because the disclosure statement, although substantially complete as at the day the contract is entered into, contains inaccuracies. s 97F ins 2014 No. 46 s 69 (sec.97F-ssec.1) Before a seller enters into a contract with another person (the buyer ) for the sale to the buyer of a leasehold building units lot or a proposed lot, the seller must give the buyer a disclosure statement. (sec.97F-ssec.2) The disclosure statement must— identify the leasehold building units lot or the proposed lot; and if the contract is for the sale of a proposed leasehold building units lot by an original seller—be accompanied by a disclosure plan, complying with section 97G , for the proposed lot; and if the contract is for the sale of a leasehold building units lot or a proposed leasehold building units lot by an original seller—include or be accompanied by the matters mentioned in section 97H ; and if the contract is for the sale of any proposed lot by a seller—state the date by which the seller must settle the contract for the sale of the lot as provided under section 97J . (sec.97F-ssec.3) The disclosure statement must be signed by the seller. (sec.97F-ssec.4) The disclosure statement must be substantially complete. (sec.97F-ssec.5) If the contract has not already been settled, the buyer may terminate the contract if the seller has not complied with subsection (1) . (sec.97F-ssec.6) The seller does not fail to comply with subsection (1) merely because the disclosure statement, although substantially complete as at the day the contract is entered into, contains inaccuracies. - (a) identify the leasehold building units lot or the proposed lot; and - (b) if the contract is for the sale of a proposed leasehold building units lot by an original seller—be accompanied by a disclosure plan, complying with section 97G , for the proposed lot; and - (c) if the contract is for the sale of a leasehold building units lot or a proposed leasehold building units lot by an original seller—include or be accompanied by the matters mentioned in section 97H ; and - (d) if the contract is for the sale of any proposed lot by a seller—state the date by which the seller must settle the contract for the sale of the lot as provided under section 97J .