Question:
Does Pennsylvania law require Condo HOA’s to do an annual outside audit?
– Carl
Answer:
Hi Carl,
The Pennsylvania Uniform Condominium Act currently does not require audits after the developer has transitioned control to the homeowners. However, there may be audit requirements depending on the type of corporation you have (for-profit, non-profit, or unincorporated). It is best to check which type of corporation your condo is organized as and then check the state requirements for audits for that type.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
