Condominium Consumer Protection Act

[AI summary unavailable — showing source text] Condominium Consumer Protection Act - Stipulates that it shall be unlawful for any developer or agent, directly or indirectly, to make use of any means or instruments of transportation or communication in interstate commerce, or of the mails, to sell or offer to sell any condominium unit in a condominium project unless such developer or agent complies with provisions of this Act. States that, unless the method of disposition is adopted for the purpose of evasion of this Act, the provisions of this Act shall not apply to: (1) the sale of real estate not pursuant to a common promotional plan to offer or sell ten or more condominiums in a project; (2) the sale of condominiums solely for commercial or industrial purposes; (3) the sale of real estate under or pursuant to court order; or (4) the sale of real estate by any government or government agency. Provides that any contract or agreement for the purchase or leasing of a condominium in a project covered by this Act, shall be voidable at the option of the purchaser for a specified period of time. Stipulates that a sale or offer to sell a condominium unit in a condominium project which is subject to this Act may be made only if: (1) a…