What Documents Confirm Current Fees, Sinking Fund Balance & Any Arrears?

Ask for the latest management accounts and a sinking-fund statement for the property, plus a current arrears report. Also request minutes from the most recent AGM or committee meeting. These documents should show: the current monthly or quarterly fees, the sinking-fund balance and any planned major works with cost estimates and timelines; the policy for fee escalations (how much notice is given, whether there is a cap, and if increases require owner approval); and whether there are any outstanding arrears or special assessments across units. If possible, get a summary of the property's maintenance contracts (security, cleaning, landscaping) and any pending disputes that could affect future costs. Have a professional (lawyer or accountant) review the figures in context of your intended use and budget. Finally, verify there are no liens or encumbrances affecting the unit or building, and confirm who is responsible for what if a payment is late.