As soon as you become interested in a community, request community documents from the seller
Ensure that the seller pays any required fees in order to obtain the documents. This should be done on a timely basis, so you will have time to review the information.
*** Different States and Different Associations may have different rules regarding document inspections***
Document Request Rules may include:
- A signed request from homeowner
- Only a specific list of documents available
- Must request documents ten days in advance
- There may be charges for copies, etc
These documents are usually not available to homeowners:
- Any communications with legal counsel
- Information regarding contracts or transactions under negotiation or containing confidentiality requirements
- Collection proceedings
- Violations of rules or governing documents
- Executive session of minutes
- Personnel matters
***NOTES – regarding Real Estate Agents:
- Validate everything your realtor tells you about the condominium or homeowners association.
- Your realtor will usually provide the governing documents to review as part of the purchase process, but many of them will not get involved or read them.
- Real estate agents should be promoting a full inspection and review of the Condo/HOA Association documents. They should also recommend objective experts that can assist the buyer with the Condo/Hoa inspection & due diligence (Condo-Smart.com).