What is a key document that provides essential details about the condominium to a buyer?

The Disclosure Statement is a key document that provides essential details about the condominium to a buyer. This document includes crucial information such as the financial health of the condominium corporation, a description of the facilities and common areas, details about the management, and any assessments or pending legal issues. It helps potential buyers make an informed decision regarding their purchase by outlining both the advantages and risks associated with the condominium.

In contrast, while the Agreement of Purchase and Sale is important as it outlines the terms of the sale, it does not provide specific details about the condominium itself. The Cooling Off Period is a time frame allowed for buyers to reconsider their purchase, but it does not contain information about the property. Common Expenses refer to the costs associated with maintaining the condominium, but they don't provide the comprehensive overview that a Disclosure Statement does.