Tag

financial reserve

Condo (& Townhome) Association Due Diligence: What REALLY Matters?

Why Cash Reserves Can Be Misleading At least in Minnesota, anyone buying a property in a Common Interest Community (“CIC”) — typically, a condo or townhome — has 10 days after completing the Purchase Agreement to review the related Association documents. What should Buyers be on the lookout for? Not the Association’s pet policy —...
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10 Day Review Period . . . 2 Weeks Too Late

How Strong is the Condo Association? I’ll discuss this year’s legal and forms changes (exciting stuff, I know!) in another post. But one of the things that did not change this year — and I predict will next year, if not sooner — is the timing of Condo and Townhouse Association disclosures.  At least in Minnesota,...
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