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8.6 Declarant Responsibilities for Records. During the period of Declarant Control, the Declarant shall be responsible, at the cost and expense of the Association, for creating and maintaining the financial and operational records of the Association and shall turn the records over to the Association's Board upon termination of the period of Declarant Control. During the period of Declarant Control, and for one (1) year thereafter, upon written request to the Association by at least three (3) Unit Owners, not including Units owned by the Declarant, the Association shall arrange for an independent audit of the Association's financial records at the Association's expense. The cost of any audit requested within thirty-six (36) months after the completion of a previous audit shall be paid for by the requesting Unit Owners. 8.7 No Warranty on Termination of Declarant Control. When Declarant Control terminates as set forth in Section 8.5, no warranties or representations, expressed or implied, including, but not limited to, the implied warranty of fitness for a particular purpose and merchantability, are made to the Unit Owners or the Association, regarding the past or future performance or quality of the Common Elements and the Limited Common Elements. Also, any implied warranty of workmanlike performance and that the building or other Common Elements, or the Limited Common Elements, will be reasonably adequate for use and occupancy, created by WI Stat § 706.10(7), which statutory section creates the above -stated implied warranties, for the conveyance of a newly constructed home or condominium, is hereby expressly disclaimed and excluded. Any other implied warranties created by common law, including but not limited to Declarant's duty to perform all work in a good and sufficient workmanlike manner, are also disclaimed and excluded. The reason no warranties and representations, expressed or implied, are given upon termination of Declarant Control is because the Declarant will provide a limited one year warranty to the Unit Owner for defects in the Unit, and will also provide a limited warranty to the Unit Owner and Association, for defects in the Common Elements and the Limited Common Elements, at such time as title to the individual Unit is conveyed to the Unit Owner. The reason both warranties are given to the Unit Owner at the closing for the individual Unit, is because the Unit Owner also receives a proportionate share of the Common Elements at the time of the closing of the Unit. Therefore, Declarant's termination of Declarant Control does not result in any conveyance (i.e. a transfer of any real property rights). All that occurs at the point that Declarant Control terminates is that Declarant removes its Board members from the Association, which Board members are replaced by Board members elected by the Unit Owners. No change in ownership of the Common Elements or Limited Common Elements occurs upon termination of Declarant Control. ARTICLE IX REPAIRS AND MAINTENANCE 9.1 Units. Each Unit Owner shall be responsible for the decoration, furnishing, housekeeping, maintenance and repair and replacement of his, her, its or their Unit. 2-15