Info

only a lawyer putting in a request from the managing agent would be able to get this info 90% of the time.

that sucks....so you wont know details until you spent $1k in lawyers fees?

Can't you ask the seller's broker? Let her/him find out for you.

sellers broker says that this happens when price is accepted and lawyer is reviewing info prior to going to contract...but that sounds like a crock?

Seller's broker is lazy and didn't bother to ask the questions they should have at the time they took the listing. One of the reason's I stopped doing "standard" retail buyer's Brokerage is that after nearly every showing I had to "debrief' the buyers from all the misinformation given by the Selling Broker. Although I must confess I used to love going along on showings with agents from my office and answering all the questions the buyer asked when the Seller's broker couldn't answer, because they couldn't be bothered to find out a very standard package of information which I think ANY broker who takes an exclusive on a property should find out before they start showing the thing. Personally, I have a standard questionnaire which I demand the Seller finds out all of the info from their managing agent, in addition to getting my hands on the Offering Plan and Financials from the get-go instead of waiting till there is a deal on the table (which I find all too common a practice).

30yrs, your point on Offering Plan and Financials I agree with. As with maintenance history, assessments, etc that Eastside asked about are usually requested by an attorney. Some of it can also be found in the Board Minutes that are also only accessible by an attorney.

i'm with 3-0 on this...all info is available to shareholder...selling broker should prompt seller to get all info possible, and should have decent intelligence on buildings they list in..info, of course is non-binding, until access and review by lawyers...but it's in buyer's, seller's and broker's best interest to have all info possible before getting in contract

"Some of it can also be found in the Board Minutes that are also only accessible by an attorney."

Under the BCL any shareholder has the right to examine the Books and Records of the Corporation. For the BUYER, Managing Agents usually only allow the Buyer's Attorney to review the Minutes, but for the Owner/Shareholder, they can examine the minutes themselves.

In addition, at least for the length of time the current owner has been in the building, they CERTAINLY know the history of maintenance increases and assessments, unless they are total cretins.