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Form #21418/99ST. LOUIS ASSOCIATION OF REALTORS*
Approved by Counsel for the St. Louis Association of Realtors*
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How to fill out condominium resale certificate

How to fill out condominium resale certificate
01
Gather all necessary information and documents such as the current owner's name and contact information, the unit number, the property manager's contact information, and any outstanding fees or assessments.
02
Review the condominium association's rules and regulations regarding the resale certificate to ensure compliance.
03
Complete the necessary forms provided by the condominium association. These forms typically require information about the unit's condition, any known defects, and any recent renovations or improvements.
04
Attach any required supporting documents, such as inspection reports or insurance information.
05
Double-check all the information provided in the forms and ensure its accuracy.
06
Submit the completed forms and supporting documents to the condominium association along with any applicable fees.
07
Await the issuance of the condominium resale certificate from the association. This certificate verifies the unit's status and any outstanding obligations.
08
Provide the resale certificate to the prospective buyer or their representative when requested.
Who needs condominium resale certificate?
01
Potential buyers of a condominium unit usually require a condominium resale certificate. This certificate provides essential information about the property's financial and legal status, including any outstanding fees, assessments, or litigation. Real estate agents, lenders, and attorneys involved in the transaction may also need the resale certificate to ensure a smooth and informed purchase process.
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What is condominium resale certificate?
A condominium resale certificate is a document that provides information about the condition of a condominium unit and the condominium association to potential buyers.
Who is required to file condominium resale certificate?
The seller of a condominium unit is typically required to file the condominium resale certificate before selling the unit.
How to fill out condominium resale certificate?
The condominium resale certificate can usually be filled out online or obtained from the condominium association. It typically requires information about the unit, association, and any fees or assessments.
What is the purpose of condominium resale certificate?
The purpose of the condominium resale certificate is to provide potential buyers with important information about the condition of the unit and the financial health of the condominium association.
What information must be reported on condominium resale certificate?
The condominium resale certificate typically includes information about any pending assessments, outstanding fees, special assessments, insurance coverage, and any ongoing litigation involving the condominium association.
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