What must a condominium unit buyer receive at or before the signing of a contract for sale?

In Colorado, when purchasing a condominium unit, a buyer must receive amendments to the condominium association by-laws at or before the signing of the contract for sale. This requirement is important because the by-laws govern the operation and management of the condominium association, outlining the rights and responsibilities of unit owners and the association itself. Understanding these by-laws is crucial for buyers as they inform them about rules regarding the use of common areas, maintenance responsibilities, and governance of the association.

Having this information helps the buyer make an informed decision about the purchase by understanding potential limitations, obligations, or assessment fees related to their ownership. It's a key piece of documentation that ensures transparency in the transaction and supports the buyer in assessing whether the condominium aligns with their expectations and lifestyle.

While the other documents listed may be important in different contexts, they do not fulfill the specific legal requirement a buyer has in relation to the condominium by-laws. The latest sale agreement, property disclosure statement, and home inspection report can be valuable resources but are not mandated to be provided at the time of signing the purchase contract in the same way that the by-laws are.