As a Buyer purchasing a condominium unit, you should receive the following documents to review:

  • Declaration of Condominium Ownership- This is a  legal document that allows a condominium to be built or sold under relevant state law.  A condominium is created by recording the declaration of condominium in the county records of the county where the property is located.   This will contain the legal descriptions of the property, including the units.
  • Articles of Incorporation of the Association- The articles create the corporate entity responsible for operating the condominium
  • Bylaws of the Association- This describes the operational requirements of the association.
  • Rules & Regulations- The rules & regulations will often provide usage restrictions relating to pets, parking, alterations, signage, trash disposal, recreational facilities..etc.. 
  • Frequently Asked Questions (FAQ) and Answers-  The FAQ informs buyers about restrictions on leasing the unit, information concerning assessments and the amount of the current monthly dues.
  • Estimated Operating Budget- This provides detailed estimateds of various common expenses that are shared by the unit owners.
  • Last 2 months of Board Meeting Minutes:- Condominium Boards will meet several times a year.  During these meetings, a specific board member is responsible for taking detailed notes of what transpires at the meeting.
  • Condo Governance Form- As detailed by the Florida Association of Realtors, beginning Jan. 1, 2009, Florida real estate condo sellers (who are not developers) must provide potential buyers the Florida Department of Business and Professional Regulation (DBPR) disclosure form, detailing the rights and responsibilities of condominium boards and unit owners, voting rights, meeting notices and other governance matters.