1379.07 PROHIBITIONS AGAINST UNLAWFUL REPRESENTATIONS.

   (a)    General Unlawful Representations. No developer or agent selling or offering to sell any condominium unit in any condominium development shall:

      (1)    Employ any device, scheme or artifice to defraud; or

      (2)    Obtain money or property by means of any untrue statement of a material fact or by any omission to state a material fact necessary in order to make the statements made not misleading or by any pictorial representation which is false; or

      (3)    Engage in any transaction, practice or course of business which operates as a fraud or deceit upon a purchaser; or

      (4)    Make, or cause to be made, in any document required by this chapter, any statement or representation as knowingly false or misleading; or

      (5)    Make, or cause to be made, to any purchaser, any oral representation which differs from the statements made in any document required by this chapter.

   (b)    Specific Unlawful Representations. No developer or agent in selling or offering to sell any condominium unit in any condominium development shall:

      (1)    Request a tenant or purchaser to acknowledge receipt of any notice or public offering statement which he has not received, or to falsify the date of receipt; or

      (2)    Certify falsely to having provided notices of the public offering statement required by this chapter; or

      (3)    Employ undo pressure to induce a tenant to purchase a unit which intrudes on or prevents his use of his best judgment in deciding whether to purchase, including the following:

         A.    Any direct or indirect increase or decrease in the purchase price or benefits offered to tenants during any portion of the period during which the tenants are entitled to a right of first refusal pursuant to Section 1379.06(h).

         B.    Any false statements as to the number of stand-by or back-up sales contracts or reservations or subscriptions or like agreements.

         C.    Any false statement prior to the end of the period during which the tenant may not be evicted without cause pursuant to Section 1379.06 as to a future rent increase.

         D.    Any false statement relating to future conversion which would reduce rental units available in the Village.

            (Ord. 79-77. Passed 10-15-79.)