Financial Reporting

Q

What are the laws in Delaware regarding financial reporting requirements to the condo owners by the condo association which is still being managed by the builder? we have been given an assessment to pay with no back up documents supporting the assessment. In fact we have never been given any financial reports since we have lived in the condos even though we have asked for them.
- Carol

A

Check Delaware’s state statutes and your association’s governing documents to locate requirements for disclosing financial information to the members of a community association.

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