Property Ownership
The Rhode Island Condominium Act requires that a prospective buyer of a condominium unit receive:
AOnly the purchase and sale agreement
BA public offering statement including the condo documents and financials✓ Correct
COnly the association's meeting minutes
DA warranty from the seller covering all unit systems
Explanation
The Rhode Island Condominium Act requires sellers to provide prospective buyers with a public offering statement that includes the declaration, bylaws, rules, budget, financial statements, and reserve fund information — giving buyers the information needed to make an informed decision.
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