What should I be looking for in a POA packet?
Obviously I cannot provide an exhaustive list in a short answer, but at least review the monetary aspects of the packet; dues, assessments (private roads, common area repair, etc.), discussions about future assessments, etc. Also, ask yourself whether you have any special needs or uses of the property that might be barred by the development documents: for example, do you need to park a commercial work truck? In addition, look for whether the property is in compliance with any architectural guidelines or requirements that might require you to spend money after closing to fix them.

Posted By: Brian D. Lytle, Esq. on Saturday, March 27, 2010