How does a common lay person get beyond the legal and financial “gobledegook” in the stack of documents that includes the CC&Rs and Bylaws?
Condoguru: A homeowner could seek out information through articles, publications, the industry groups, the local library, or a professional, which might include a reserve study preparer, an attorney, a manager, or someone who can at least tell them where to look in the governing documents. The importance of understanding the legal documents and financial documents ranks right up there with the importance of having a termite inspection, a chimney inspection, a pool inspection, or a house inspection. It is worth paying the right kind of expert to do those things and provide you with a report or even an oral consultation, Q&A session, or analysis. Search the articles, publications, FYIs, legal briefs and form pages.
