Sec. 40-10B. Disclosure of covered building benchmarking and performance standards information.

   (a)   Before a buyer signs a contract for the sale of a covered building as defined in Section 18A-38A, the seller must:

      (1)   disclose to the prospective buyer that the building is subject to building energy performance standards in Chapter 18A, Article 6;

      (2)   transfer the following records to the prospective buyer:

         (A)   the benchmarking property record from the benchmarking tool;

         (B)   documentation of data verification; and

         (C)   any other related records relevant to maintain compliance with Chapter 18A, Article 6; and

      (3)   provide to the prospective buyer the following information:

         (A)   performance baseline;

         (B)   interim and final performance standards; and

         (C)   building performance improvement plan.

   (b)   The prospective buyer must indicate, by signing an addendum to the contract or a separate section of the contract printed in boldface type, that the seller has made the disclosures and provided the information required by subsection (a). (2022 L.M.C., ch. 13, §1.)