When establishing a new condominium development, which document is NOT required to be recorded by the developer?

The requirement for establishing a new condominium development usually involves specific documents that serve to outline the governance and structure of the association, the rights of the unit owners, and the operational framework of the condominium.

The Declaration of Condominium is a crucial legal document that officially establishes the condominium as a legal entity and includes details about the property, the ownership structure, and the responsibilities of the association. Bylaws are also essential, as they define the operational rules for the condominium association, detailing how meetings will be conducted, how voting will be handled, and the responsibilities of the board of directors. Furthermore, rules and regulations set forth necessary guidelines that all residents must follow to ensure the shared living environment functions smoothly.

On the other hand, a Comprehensive Financial Plan for five years in advance is not a mandatory requirement for recording to establish a condominium. While developers may create financial forecasts to assist with planning and management, this specific document does not need to be recorded as part of the foundational legal documentation for the condominium. It serves more as an internal guideline rather than part of the formal registration process. Thus, it is not included among the legally required documents for establishing the condominium.