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Purchased a condo 24 months ago, no mortgage, soon after the closing I noticed there was no Annual Report in my docs. I requested one from the trustees that was promised to be handed our at the next Annual meeting. The trustees instead handed out the condos bank statements and reduced the condo fees by 50.00 a month. Then I received an email from them stating they hoped this eased my mind as to how much money was in the reserves, also stating they were not going to reduce their own condo fees. I replied saying I read the Declaration of Trust / Master deed that stated they are required to submit a report at the end of each fiscal year. It was promised they would submit one, but then rescinded. I was told I do not have to pay condo fees until it is produced. Not sure if this is true?