[Ord. 7-2005, 7/13/2005]
In addition to all other requirements set forth in this Chapter
and not in conflict with the requirements of this Part, 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 Borough Council in accordance
with the requirements set forth in this Part and the Pennsylvania
Unit Property Act prior to submission of these documents for proper
recording to the Recorder of Deeds of Montgomery County. Furthermore,
this Part shall provide for the revocation of an approved condominium
and subsequent recording of same by appropriate means.
[Ord. 7-2005, 7/13/2005]
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 herein. The conversion of a condominium development
shall not preclude the resubmission of said property for a condominium
by the procedures provided herein.