Transfer of common open space and facilities: identification of the method of transfer of common open space or facilities from the developer, landowner or declarant to the association, a statement that such transfer will be free of any encumbrances, identification of any consideration required upon transfer from the developer, landowner or declarant, timing of transfer to the association, no later than the date the last unit is conveyed, a statement that the conveyance will be binding upon any successors of the developer, landowner or declarant, a statement that transfer will not occur until the facility improvements have been completed unless there is a third-party guarantee of completion to the association.