QuestionMay 30, 2025

When a condominium is sold in Colorado, which of the following should be included on the closing worksheet? Document procurement fees. HOA assessment history for the prior year. Optional HOA storage fees The HOA's annual budget.

When a condominium is sold in Colorado, which of the following should be included on the closing worksheet? Document procurement fees. HOA assessment history for the prior year. Optional HOA storage fees The HOA's annual budget.
When a condominium is sold in Colorado, which of the following should be included on
the closing worksheet?
Document procurement fees.
HOA assessment history for the prior year.
Optional HOA storage fees
The HOA's annual budget.

Solution
4.7(230 votes)

Answer

Document procurement fees and HOA assessment history for the prior year. Explanation In Colorado, when a condominium is sold, the closing worksheet typically includes essential financial information relevant to the transaction. This would include document procurement fees and HOA assessment history for transparency regarding past dues. Optional fees may not be necessary.

Explanation

In Colorado, when a condominium is sold, the closing worksheet typically includes essential financial information relevant to the transaction. This would include document procurement fees and HOA assessment history for transparency regarding past dues. Optional fees may not be necessary.
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