The Roswell Ridge HOA board is reviewing a resale request. Which of the following is NOT required to be included in the resale certificate under Georgia law?
Correct Answer
B) Personal financial information about other unit owners in the association
Personal financial information about other unit owners is not required and would violate privacy. A is correct as assessment information must be included. C is correct as governing documents are required. D is correct as material litigation must be disclosed in the resale certificate.
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Previous Question
Agent Martinez is working with sellers of a unit in Midtown Manor Condominiums. The buyers are requesting the association's financial statements as part of their due diligence. Who is responsible for obtaining these documents in Georgia?
Next Question
Buyer Chen is purchasing a condo in Atlantic Station. During the review period, she discovers the association's reserve fund is significantly underfunded for upcoming major repairs. The seller claims this wasn't disclosed because no formal assessment has been levied yet. What are Chen's rights under Georgia law?