Assessment disclosure.
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Assessment disclosure.
We just bought a town home and found out they have been talking about putting on new siding and a new roof very soon. In our townhouse community it is the owner’s responsibility to pay for these improvements. It was not disclosed to us this was taking places a vote was taken 1 month prior to us making an offer it was voted 15 in favor to 2 not in favor to put the projectreplacing siding and roof in the governing documents to make the association responsible to obtain quotes and schedule. I just received this information we closed on the house 3 months ago. Should this information been disclosed to us prior to purchase? We did do an inspection and the inspector estimated 5-6 more years of life on the roof and nothing on the siding.
Asked on August 12, 2019 under Real Estate Law, Florida
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
No, the seller does not need to disclose what the HOA or towhouse assocation is going to do, the same way he/she does not need to disclose whether the town is or may be raising taxes; his/her only obligation is to disclose physical conditions relating to the unit or townhome. As to what the community (or municipality, etc.) will be or may be doing, you take your chances, unfortunately: such is beyond the seller's control, is not specific to his/her property, and is not somethign he or she must disclose.
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