Condominium transactions involve the unit, the association, the budget, the rules, and the building as a whole. Buyers and sellers should prepare for document review early.
Documents Matter
Important documents may include the master deed, declaration of trust, rules and regulations, budget, meeting minutes, insurance information, reserve details, assessment history, and resale certificate where applicable.
Financing Can Be Different
Lenders may review owner-occupancy, reserves, litigation, insurance, investor concentration, commercial space, and association finances. A strong buyer should confirm condo financing requirements with the lender early.
For Sellers
Organize condo documents, fee information, known assessments, parking/storage details, pet rules, move-in/move-out rules, and any association contact process before listing.
Condo note: This is general information only. Condo documents and legal obligations should be reviewed by qualified professionals.