Lisa is selling her condominium unit in Albany. The buyer's attorney requests a statement of common charges and any outstanding assessments. Who is responsible for providing this information under New York law?
Correct Answer
B) The condominium board of managers or managing agent
Under New York condominium law, the board of managers or the managing agent is responsible for providing statements of common charges, outstanding assessments, and other financial information about the unit. This ensures accurate and official information for the transaction.
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