HOA - Reserve Question

[Luke Balchaitis]

First time buying a condo in Boca Raton and have some basic questions. 

The community has been around for a while but trying to understand reserves (see attached).

Inside the master community, there are many subdivisions.

In addition, what else should I be asking or other documents requesting?

Thank you

[Hansel Duran]

Hi Luke, Congrats on your new condo! I'm pretty much going to echo some of what was mentioned above! Some of the documents you should ask for are the by laws, rules and regulations, applications for rental as well incase you plan on using it as investment property, and take a good walk around the property to see if there is any visible deferred maintenance. 

A lot of condos don't have reserves and due to what happened with the nearby condo collapsing recently, Florida just passed a law to help prevent this from happening again. I'll attach a link to an article on it below. If you have any other questions please feel free to reach out 

https://www.local10.com/news/l...