What is the name of the document prepared by a condo association outlining fees and rules?

The document prepared by a condo association that outlines fees and rules is known as the Condominium Resale Certificate. This certificate is crucial for potential buyers as it provides important information regarding the association's financials, the governance structure, and any existing fees or special assessments that may impact a new owner's responsibilities.

It typically includes details such as the current budget, reserve funds, outstanding debts, and rules or regulations that govern the condominium community. Understanding the contents of the Condominium Resale Certificate is essential for buyers to assess potential ongoing costs and to ensure they are aware of the regulations they will need to adhere to if they proceed with the purchase.

In contrast, the other options do not serve the same comprehensive purpose. The Condominium Data Sheet may contain general information but lacks the detailed financial and regulatory insights necessary for buyers. The Condominium Rules Document would focus specifically on the rules governing community conduct, which is part of the Resale Certificate but does not encompass the financial aspects. The Condominium Buyer Agreement is typically a document that outlines the terms of purchase rather than the operational details of the condo association.