In addition to all other requirements set forth
in this chapter and not in conflict with the requirements of this
chapter, a declaration, a declaration plan and a code of regulations
for any proposed condominium, whether to be created by new construction
or by conversion of existing structures, shall be approved by the
Board of Commissioners in accordance with the requirements set forth
in this chapter and the Unit Property Act (now Uniform Condominium
Act), 68 Pa.C.S.A. § 3101 et seq., prior to submission of
these documents for proper recording to the Recorder of Deeds of Montgomery
County. Furthermore, this chapter shall provide for the revocation
of an approved condominium and subsequent recording of same by appropriate
means.
A condominium development or conversion may be converted into a rental or fee simple property by submission of a declaration of revocation, signed by 100% of the unit owners and the holders of all mortgages, judgments or other liens affecting the units, and provided that such declaration of revocation is reviewed and duly recorded as provided for in §
215-42. The conversion of a condominium development shall not preclude the resubmission of said property for a condominium by the procedures provided herein.