What is a required document in the case of a condominium sale?

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In the context of a condominium sale, the minutes of the meeting are a required document. These minutes provide essential insights about the condominium's management, including previous decisions made by the board, financial health, rules and regulations, and any planned developments or ongoing issues affecting the property. This information is crucial for potential buyers as it helps them understand the governance of the condominium and any risks or opportunities associated with the property.

Having access to these minutes allows buyers to make informed decisions regarding their investment. It also reflects transparency in the operations of the condominium association, which can be a significant factor in a buyer's choice.

The other options, while possibly relevant in certain transactions, do not hold the same level of requirement specifically tied to the sale of a condominium. For instance, a sales agreement is necessary for any real estate transaction but is not exclusive to condominium sales. Additionally, a mortgage statement and an insurance policy may be relevant for the buyer’s financial planning or risk management, but they are not required documentation in the context of the sale process itself.

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