The deed of transfer of each individual accommodation shall state the particulars prescribed in § 1264(1)(b) of this title related to the accommodation concerned and, also, the share pertaining to said accommodation in the facilities. Furthermore, said deed of transfer shall contain a warning, in conspicuous type, stating that the accommodation being transferred pursuant to such deed is not subject to the provisions of §§ 1291 et seq. of this title, known as the “Horizontal Property Act of Puerto Rico”, so the transferee thereof shall not be entitled to many of the protective measures afforded by §§ 1291 et seq. of this title, supra, to purchasers of apartments or units in condominiums. If the land on which the structure containing the accommodation is located is held under a recorded lease, surface right or usufruct title, the deed shall so state, specifying the date on which the recorded lease, surface right or usufruct expires.
History —Dec. 26, 1995, No. 252, § 12-114.