A. License No Longer Valid: Upon the sale or transfer of any multiple-family dwelling, said multiple-family dwelling license shall be deemed stricken pursuant to this chapter. This is not applicable upon any court controlled transfer.
B. Inspections:
1. Inspection Report Required: No multiple-family dwelling shall be sold unless the seller furnishes the buyer with a presale inspection report dated no more than one hundred twenty (120) days prior to the date of closing and dated no later than the day of the closing on the sale of said multiple-family dwelling. Said report shall be submitted to the village building department, or its designated agent. Inspection shall include all dwelling units and all interior and exterior common areas. The report shall state that the multiple-family dwelling complies with all applicable statutes, ordinances, codes and regulations or, in the alternative, list with specificity the manner in which the multiple-family dwelling does not comply with all applicable statutes, ordinances, codes and regulations. No presale inspections are required on a court controlled transfer.
2. Violations: An inspection made pursuant to this subsection B satisfies the annual inspection requirement of section 4-9-6 of this chapter. A sale, for purposes of this subsection B, includes contract sales, exchanges, conversions to condominiums and transfers of possession or control of any multiple-family dwelling. Any person participating in such a sale in violation of this subsection B, either as seller or buyer, in connection therewith, shall be deemed in violation of this subsection B and shall be subject to the penalties as provided in this chapter. Any contract executed in violation of this subsection B shall be voidable by the buyer. Notwithstanding the foregoing, any buyer shall be responsible for complying with each and every provision of this chapter. (Ord. 14-02, 4-14-2014)