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PRINCE GEORGES PLAZA PROFESSIONALPARK, INC CONDOMINIUM ASSOCIATIONCONDOMINIUM RESALE CERTIFICATE Condominium Certificate concerning Condominium Unit C205, in Building C of Prince Georges Plaza Professional
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How to fill out condominium resale certificate condominium
How to fill out a condominium resale certificate:
01
Begin by carefully reading the instructions provided with the condominium resale certificate. Familiarize yourself with the required information and any specific guidelines provided.
02
Fill in the seller's information accurately. Provide the seller's full legal name, contact information, and the date of the resale.
03
Include the unit details. Fill in the condominium unit number, the building name or number, and any other relevant information required, such as parking space details.
04
Provide details about any existing liens or encumbrances on the property. If there are no liens or encumbrances, indicate so in the appropriate section. If there are any, disclose the type of lien and include relevant information.
05
Report any pending legal actions or litigation involving the condominium. If there are none, clearly state that there are no pending legal actions.
06
Indicate if there are any current violations or disputes related to the property. If there are, disclose the nature of the violation or dispute and provide relevant details.
07
Include information about any special assessments or upcoming major repairs or renovations that the buyer should be aware of. This could include upcoming building repairs, changes to common areas, or increases in fees or dues.
08
Provide an accurate accounting of the current monthly maintenance fees, special assessments, and any outstanding fees or dues owed by the seller.
09
If required, attach any supporting documents or statements as requested by the condominium resale certificate form.
Who needs a condominium resale certificate:
01
Prospective buyers of a condominium unit typically require a condominium resale certificate. This certificate provides important information about the property's financial and legal status, allowing buyers to make informed decisions.
02
Lenders or financial institutions may also request a condominium resale certificate before granting a loan for the purchase of a condominium unit. They want to ensure that the property is not burdened with significant financial liabilities or legal issues.
03
Real estate agents representing either buyers or sellers may also need the condominium resale certificate to facilitate the sale process and provide transparency to their clients.
Note: The specific requirements for obtaining a condominium resale certificate may vary depending on the location and governing laws. It is advisable to consult with a real estate attorney or the appropriate local authority to ensure compliance with all necessary regulations.
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What is condominium resale certificate condominium?
A condominium resale certificate is a document that provides information about the finances and governing documents of a condominium unit that is being sold.
Who is required to file condominium resale certificate condominium?
The seller of a condominium unit is required to file the condominium resale certificate.
How to fill out condominium resale certificate condominium?
The condominium resale certificate can typically be filled out by the seller with the assistance of their real estate agent or property manager.
What is the purpose of condominium resale certificate condominium?
The purpose of the condominium resale certificate is to disclose important information about the condominium unit to potential buyers.
What information must be reported on condominium resale certificate condominium?
The condominium resale certificate typically includes information about the condominium association's financial status, rules and regulations, and any pending special assessments.
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