What to review in bylaws, budgets, reserves and rental rules—before you buy.
Bylaws/regs, financials, reserve fund status, minutes (12–24 months), insurance, rules on renovations/rentals/pets/parking.
Understand fee basis, services covered, reserves vs. deferred maintenance, history of increases and special assessments.
Short‑term allowance, minimum nights, platform rules, guest registration, quiet hours, penalties.
Low reserves + aging systems, frequent special assessments, unclear rules, pending litigation.