A prospective buyer wants to review the financial records of a condominium association before purchasing a unit. The association's management company refuses to provide any financial information directly to the prospective buyer. Under the Georgia Condominium Act, how may a prospective purchaser obtain access to association records?
Correct Answer
D) Through the current unit owner, who as a member has the right to inspect association records
Under the Georgia Condominium Act (O.C.G.A. § 44-3-100 et seq.), the right to inspect association books and records belongs to unit owners who are members of the association. A prospective purchaser who is not yet an owner has no independent statutory right to access association records. The proper method is for the prospective buyer to request that the current unit owner—who holds membership rights—exercise their right to inspect and obtain the relevant financial records on the buyer's behalf.
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Previous Question
A condominium association has imposed a special assessment for building repairs. At the time of closing, the assessment has been levied but not yet paid by the seller. Under the Georgia Condominium Act, how is this special assessment typically handled between buyer and seller?
Next Question
Jennifer is listing a property in Sunset Hills, where the HOA was established in 1998. The association's covenants were recorded with a 25-year automatic renewal clause. The homeowner asks Jennifer when these restrictions will expire. What should Jennifer tell the homeowner about Georgia's automatic renewal provisions?