What must a buyer receive from the condo association regarding condo fees?

The requirement for a buyer to receive a 6D certificate from the condo association is important because this document provides crucial information concerning the status of condominium fees. Specifically, the 6D certificate confirms whether there are any unpaid condo fees associated with the unit being purchased. This certificate protects the buyer by ensuring they are not held responsible for any outstanding fees incurred by the seller prior to the sale. It is a key component in the transaction, as it helps to clarify the financial obligations associated with the condominium.

In contrast, a purchase agreement outlines the terms of the sale, such as the price and conditions, but it does not provide specific information about condo fees. A warranty deed is a legal document that conveys title from the seller to the buyer but does not pertain to financial obligations like fees. The shareholder agreement relates to ownership in a cooperative but is not relevant to individual condo ownership and its associated fees. Therefore, the necessity of the 6D certificate stands out as a specific requirement vital for ensuring that buyers are informed about their financial commitments.