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This document provides essential information regarding the resale of a unit in the Creekside of Plymouth Homeowners Association, including assessments, fees, and association details as required by
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How to fill out common interest community resale

How to fill out COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE
01
Obtain the COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE form from your community association or property management.
02
Fill in the owner's details, including name and address.
03
Provide property information, such as the unit number and location.
04
Indicate the date of the resale transaction and the name of the buyer.
05
Complete the sections regarding assessments, fees, and any pending legal actions against the association.
06
Attach any necessary documents as required by the community association, such as rules and regulations.
07
Review the form for accuracy and completeness.
08
Sign and date the certificate before submitting it to the appropriate parties.
Who needs COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE?
01
Property owners selling their unit in a common interest community.
02
Potential buyers interested in purchasing a property within a common interest community.
03
Real estate agents and brokers involved in transactions within such communities.
04
Lenders requiring information about the property and community before granting a mortgage.
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People Also Ask about
What is the average HOA fee in Virginia?
According to the U.S. Census Bureau, the national average HOA fee in 2023 was $243 per month, totaling about $2,916 for the year. Additionally, the Foundation for Community Association Research reported that the average monthly HOA fee in Virginia was $325 per month or $3,895 annually.
What is the Virginia resale disclosure act?
The Virginia Resale Disclosure Act (“RDA”) governs the resale certificate disclosure provisions of the Virginia Property Owners' Association Act (“POAA”), the Virginia Condominium Act (“Condo Act”), and the Virginia Real Estate Cooperative Act.
Who pays for the hoa resale package in VA?
In real estate, the seller is instead responsible for obtaining and providing the VA resale certificate, which may involve paying fees to the association for its preparation and delivery. The association may charge for the preparation of the resale certificate, an updated certificate, and a financial update.
Can HOA sell your house in Virginia?
Before foreclosing, an HOA or condo must first give the owner at least 60 days to settle their debt. The association should inform the owner of this through a notice of pre-foreclosure. The notice should also state that the association can sell the home in a foreclosure sale if the owner does not pay the debt.
Do you have to pay HOA fees in Virginia?
They require members to pay monthly dues and have a board of peer-elected residents. And while some HOAs offer public amenities like home maintenance and lawn care, they can become trying when you constantly receive letters about HOA violations you are allegedly committing.
How long are resale documents good for in Virginia?
When should an update be requested? The Resale Disclosure Certificate is good for 30 days from the date of issuance, and the update fee may only be charged within the timeframe of 31-365 days. The fee for a resale certificate update is $60 and $120 for a resale compliance inspection update.
Who regulates condo associations in Virginia?
Who governs homeowners associations in Virginia? HOAs are subject to a number of state, federal, and local laws and are governed by a common interest community board that creates and enforces certain rules and regulations contained in the HOA's governing documents.
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What is COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE?
The COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE is a document that provides potential buyers with important information about a property within a common interest community, such as a condominium or homeowners association.
Who is required to file COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE?
The seller or their agent is typically required to file the COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE when a property within a common interest community is being sold.
How to fill out COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE?
To fill out the COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE, one must provide accurate details regarding community rules, financial status, and any pending assessments or legal issues related to the community.
What is the purpose of COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE?
The purpose of the COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE is to inform potential buyers about important aspects of the community and property, ensuring transparency and enabling informed decisions.
What information must be reported on COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE?
The information required on the COMMON INTEREST COMMUNITY RESALE DISCLOSURE CERTIFICATE typically includes details about the association's finances, rules and regulations, outstanding assessments, and any legal issues affecting the community.
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