If you are looking to purchase a condominium, be aware of the rescission period.  For a brand new condominium, a Buyer may rescind a purchase contract within 15 days.  For a resale condominium unit, a Buyer may rescind within three business days.   This time period begins when the Buyer signs the contract or is given the required condominium documents, whichever is later. 345 Bayshore Blvd

The required documents for a condominium unit are:

  • the declaration of condominiums
  • articles of incorporation
  • bylaws
  • rules and regulations
  • the association’s question and answer sheet
  • a copy of the most recent year-end financial statement
  • a governance form describing the rights and responsibilities of associations and condominium owners.