condo documents

Condo documents are legal papers associated with a condominium that outline the rules and regulations governing the property and its residents. Key documents include the declaration, which describes the condo’s structure and individual units; bylaws, detailing how the condo association operates; and financial statements, which show the community’s budget and expenses. These documents ensure harmony among residents, protect property values, and establish the rights and responsibilities of owners. Understanding them is crucial for potential buyers and current owners to navigate living in a condo community effectively.