Which document must sellers of condominiums and common interest subdivisions provide?

Sellers of condominiums and common interest subdivisions are required to provide the minutes of the past 12 months of association meetings to prospective buyers. This document gives potential buyers insight into the governance of the association, including decisions made about financial issues, rules, regulations, and any significant events that might affect the community or the buyer’s ownership experience. It helps buyers to understand how the association operates, any contentious issues that have been discussed, and overall community dynamics, allowing for an informed purchasing decision.

Title reports, appraisal reports, and home inspection reports, while important in the real estate transaction process, do not have the same specific requirement mandated by California law for sellers of condos and common interest developments. Thus, only the meeting minutes specifically relate to the disclosures that promote transparency within the community governance structure to the buyers.