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DC Condo/Co-op Review Guide
Frequently asked questions
DC Condo and Co-op Document Review
In the District of Columbia, condominiums are governed by the DC Condo Act. Under DC Code § 42–1904.11, buyers of resale condos generally have a three-business-day right of rescission to review the condo document package. This period begins the day after the full package including the recoded Declaration, Bylaws, Plat and Plans (with all amendments), and resale certificate with attachments including insurance information and the annual budget is delivered. Because these are business days, weekends and federal holidays do not count toward the deadline.
For new construction purchased directly from a developer, DC Code § 42–1904.02 provides that buyers are granted a more extensive 15-calendar-day review period to examine the Public Offering Statement (POS). Unlike resales, this 15-day window consists of calendar days, including weekends.
In both scenarios, you can cancel the contract for any reason related to the documents and receive a full refund of your earnest money deposit. Read my full guide on what exactly is included in a DC condo document package here.
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