Escrow & Title
In a NH condominium purchase, buyers must receive which document before signing the purchase and sale agreement or upon receipt:
AOnly the seller's disclosure form
BThe condominium declaration, bylaws, budget, and meeting minutes (public offering statement if newly converted)✓ Correct
CThe town's zoning map
DThe HOA's tax returns
Explanation
NH's Condominium Act (RSA 356-B) requires that buyers receive key documents — declaration, bylaws, rules, budget, and recent meeting minutes — to allow informed evaluation of the association before closing.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Closing CostsFees and expenses paid by the buyer and/or seller at the closing of a real estate transaction, in addition to the property's purchase price.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
State-Specific Concepts
Disclosure Requirements
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