Condo Q&A

How does new buyer get info from HOA developer?

Written by CondoAssociation.com | Tue, May 4, 2010 @ 10:29 AM
If the HOA is still controlled by the developer, because the complex is not 75% sold; does the HOA still have meetings? I'm looking to buy a condo; asked for the HOA minutes of meetings/agenda; and was told by the Developer that there have been no meetings; so there are no minutes/agendas. I also asked for the last Reserve Study, resale certificates, and their public offering statement. According to the Developer, none of these exist. I've been advised to be aware of the financial health of the HOA. How can I get this information if the Developer won't give it? Thank you. 9W4X9UP5VCZ4