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Instructions and help about condo certificate

if you're buying a condominium you will have the opportunity to review the homeowners association if it's a existing condominium otherwise it's not a brand-new condominium you will be given a resale certificate the resale certificate will provide information to you like the financial statements the budget meeting minutes the rules and regulations if you're buying a brand-new condominium you'll be given a public offering statement and that's like the new condos version of a resale certificate there probably won't be any meeting minutes in that because it's brand-new but you will get all of the the CCN RS we call them covenants rules regulations for the condominium proposed budget bylaws etc and that's the public offering statement often a resale certificate will include a reserve study that's a reserve study is something the homeowners association Commission's from a third party to evaluate the condominium the physical structure of the condominium and to evaluate the existing life of di

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