Contracts
A Maryland condominium buyer has a right to review the condo documents and HOA financials before settlement. If they are dissatisfied, they may:
ANegotiate a lower price based on HOA fee increases
BCancel the contract within the statutory rescission period after receiving the condo documents✓ Correct
CRequire the condo association to change its rules
DOnly proceed — reviewing docs is for information only
Explanation
Under the Maryland Condominium Act, a buyer who receives the required condo disclosure documents has a statutory right of rescission — a set number of days to cancel the contract after receiving the documents.
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