Under the Montana Unit Ownership Act, condo sellers must provide buyers with a mandatory document package including a copy of the Unit Ownership Act, association bylaws, and all governing rules. A purchase agreement is not legally binding until 72 hours after the buyer receives these documents, giving them a three-day window to withdraw their offer without penalty. Additionally, sellers must disclose if a single entity owns a majority of the units, as this grants that owner significant power to change rules.
This law, specifically MCA § 70-23-613, ensures buyers understand how the association manages common expenses and property governance before committing to the sale.
How Can I Get a Copy of the "Montana Unit Ownership Act"?
We will provide you a copy of any Montana disclosure form for free upon submitting a flat fee MLS listing through our website. We charge a low, one-time flat fee to list your home on the MLS.
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