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Division Verified: CC14AA1A463F421E87DF999E1DBE2727Condominium Seller Disclosure/Resale Addendum for Maryland (Recommended for the Listing Agreement and for either the GAAR Contract or the MAR Contract)
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How to fill out condominium seller disclosureresale addendum

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How to fill out condominium seller disclosureresale addendum

01
Begin by gathering all the necessary information and documents related to the condominium unit that you are selling.
02
Read through the condominium seller disclosure/resale addendum form thoroughly to understand the information it requires.
03
Fill in the relevant sections of the form, providing accurate and complete information about the condominium unit.
04
Start with basic details such as the address, unit number, and contact information for the seller.
05
Proceed to disclose any known defects, problems, or any other material facts about the condominium unit that may impact its value or desirability.
06
Include information about any ongoing or previous legal disputes or litigation involving the condominium unit.
07
Provide details about any pending or completed renovations or repairs to the unit.
08
If applicable, disclose any unpaid assessments, fees, or special assessments that the seller is aware of.
09
Review the completed form to ensure all required fields are filled in accurately and legibly.
10
Sign and date the form, certifying that the information provided is true and accurate to the best of the seller's knowledge.
11
Make copies of the completed form for your records and for the buyer's reference.
12
Deliver the original completed form to the buyer or the buyer's agent as per the agreed-upon timeline.

Who needs condominium seller disclosureresale addendum?

01
Any seller who is selling a condominium unit may need to fill out the condominium seller disclosure/resale addendum.
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The condominium seller disclosure resale addendum is a legal document that provides essential information regarding the condominium unit being sold. It includes disclosures about the condition of the unit and the rules of the condominium association.
The seller of a condominium unit is typically required to file the condominium seller disclosure resale addendum.
To fill out the condominium seller disclosure resale addendum, the seller must provide detailed information about the condominium, including any known defects, the association's rules, financial obligations, and important terms of the sale.
The purpose of the condominium seller disclosure resale addendum is to ensure that potential buyers are informed about the condition of the property and the rules of the condominium association, thereby promoting transparency in the real estate transaction.
The information that must be reported includes details about the physical condition of the unit, any assessments, the status of any outstanding dues, rules and regulations of the condominium association, and other relevant disclosures.
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