Contracts
In a Massachusetts condominium transaction, the buyer is entitled to review the minutes of the past 12 months of condominium trust meetings. This review is important because it reveals:
AOnly the financial statements
BPending litigation, planned special assessments, unresolved maintenance issues, and other important information about the association✓ Correct
CThe names of all unit owners
DThe association's investment portfolio
Explanation
Reviewing condo meeting minutes reveals pending legal disputes, approved or planned special assessments, capital improvement plans, rule violations, and other important information that could affect the buyer's decision.
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