(a) No person shall sell, by land contract or otherwise, any interest in any dwelling, building or other structure without furnishing the buyer, prior to such sale, a current certificate of inspection, and, when an escrow has been established, depositing in escrow, prior to delivery of possession or transfer of title, a statement from the buyer acknowledging receipt of this document. If a waiver has been obtained, the waiver shall be furnished and deposited.
(b) The seller shall deliver to the buyer, and shall obtain the signature of the buyer and the date of said signature upon, a duplicate of the original certificate of inspection, which shall be deposited in escrow if there is an escrow account.
(c) Attached to the fully executed duplicate certificate of inspection referred to in subsection (b) hereof shall be a written agreement, signed by the seller and the buyer, identifying the party who will be responsible to correct all violations listed on the certificate of inspection and, notwithstanding any outstanding or new mortgage indebtedness or lien upon the premises, providing that all necessary funds shall be deposited or retained in escrow sufficient to pay for the costs to correct all violations, which funds may be released totally or partially, as the work progresses, upon the authority of the Building Department, as long as funds are retained to complete unfinished work.
(d) A copy of the acknowledged receipt of the certificate of inspection and the agreement required in subsection (c) hereof shall be provided to the Building Department as a condition of transfer of title.
(Ord. 1995-45. Passed 12-11-95; Ord. 2006-34. Passed 11-13-06; Ord. 2017-4. Passed 1-23-17.)