Get the free RESALE CERTIFICATE FROM CONDOMINIUM ASSOCIATION - 2018

REALTORS ASSOCIATION OF NEW MEXICO RESALE CERTIFICATE FROM CONDOMINIUM ASSOCIATION 2018 Don Grosvenorthat the no later than respect to the following property:DESE HOA, (“Seller “) requests Association

How to fill out resale certificate from condominium

How to fill out resale certificate from condominium

1. To fill out a resale certificate from a condominium, follow these steps:
2. Obtain the resale certificate form from the condominium management or homeowner association.
3. Fill in the necessary information about the condominium unit being sold, such as the unit number, address, and any associated parking or storage spaces.
4. Provide details about the current owner of the unit, including their name, contact information, and any relevant identification numbers.
5. Specify the terms of the sale, including the agreed-upon purchase price and any conditions or contingencies.
6. Indicate whether there are any pending or scheduled special assessments or liens on the property.
7. Disclose any known defects or issues with the unit or common areas that may affect the buyer's decision.
8. Sign and date the resale certificate, and include any required attachments or supporting documents.
9. Submit the completed resale certificate to the appropriate parties, such as the buyer, buyer's agent, and condominium management.
10. Keep a copy of the resale certificate for your records.
11. Follow any additional instructions or requirements provided by the condominium management or homeowner association.

Who needs resale certificate from condominium?

1. Various individuals or entities may need a resale certificate from a condominium, including:
2. - Prospective buyers of a condominium unit to understand the financial and legal status of the property before making a purchase.
3. - Lenders or mortgage companies to assess the property's value and eligibility for financing.
4. - Real estate agents or brokers who are involved in the sale or purchase process.
5. - Condominium management or homeowner associations to maintain accurate records and facilitate the transfer of ownership.
6. - Attorneys or legal professionals who need the certificate for legal purposes.
7. - Government agencies or regulatory bodies that require the information for compliance or oversight.
8. It is recommended to check with the specific legal or regulatory requirements in your jurisdiction to determine who exactly needs a resale certificate.

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What is resale certificate from condominium?

A resale certificate from a condominium is a document that provides information about the status of a particular unit within the condominium complex, including any outstanding fees or assessments.

Who is required to file resale certificate from condominium?

The seller of the condominium unit is typically required to file the resale certificate.

How to fill out resale certificate from condominium?

The resale certificate from a condominium can usually be filled out by the seller with the assistance of their real estate agent or attorney.

What is the purpose of resale certificate from condominium?

The purpose of the resale certificate is to inform potential buyers of any financial obligations or restrictions associated with the unit being sold.

What information must be reported on resale certificate from condominium?

Information such as outstanding fees, assessments, special assessments, or any ongoing litigation involving the condominium complex must be reported on the resale certificate.