Washington Code 58.19.185 – Requiring purchaser to pay additional sum to construct, complete or maintain development
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It shall be unlawful for the developer to sell a lot or parcel within a development if the terms of the sale require that the purchaser pay any sum in addition to the purchase price for constructing, completing, or maintaining improvements to the development unless the sums are to be paid directly to:
Terms Used In Washington Code 58.19.185
- Developer: means any owner of a development who offers it for disposition, or the principal agent of an inactive owner. See Washington Code 58.19.020
- Improvements: include all existing, advertised, and governmentally required facilities such as streets, water, electricity, natural gas, telephone lines, drainage control systems, and sewage disposal systems. See Washington Code 58.19.020
- Person: means an individual, corporation, government or governmental subdivision or agency, business trust, estate, trust, partnership, unincorporated association, two or more of any of the foregoing having a joint or common interest, or any other legal or commercial entity. See Washington Code 58.19.020
- Purchaser: means a person who acquires or attempts to acquire or succeeds to any interest in land. See Washington Code 58.19.020
(1) A governmental agency;
(2) A person who is not affiliated with the developer, in trust, and on terms acceptable to the director; or
(3) An association comprised solely of persons who have purchased lots in the development, or their assignees.
The terms which require the payment of any additional sum shall be set forth in the public offering statement.