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Condominium Resale Addendum for Washington, DC (Required Addendum to the Regional Sales Contract for the resale of all condominiums in Washington DC) The Contract of Sale dated, Address City, State
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How to Fill Out Condominium Resale Addendum:

01
Obtain a copy of the condominium resale addendum form from your local real estate association or a trusted source online.
02
Start by filling in the basic information at the top of the form, such as the name of the condo association, the address of the property being sold, and the names of the buyer and seller.
03
Read through the addendum carefully and make note of any specific requirements or disclosures that need to be addressed.
04
Provide details about the existing condition of the property, including any known defects or issues. This may include information about the HVAC system, plumbing, electrical, or structural components.
05
Disclose any pending assessments or special assessments that the buyer should be aware of, such as upcoming renovations or repairs that may result in additional fees.
06
Indicate any outstanding fees or dues that the seller needs to pay prior to closing. This may include items like outstanding HOA fees, unpaid property taxes, or delinquent utility payments.
07
Specify any personal property or fixtures that may be included in the sale. This could include items like appliances, window treatments, or furniture.
08
If there are any known legal issues or pending litigation involving the condominium association, provide details and disclose this information to the buyer.
09
Sign and date the addendum, and ensure that both the buyer and seller have reviewed and agreed to the terms outlined in the document.

Who Needs Condominium Resale Addendum:

01
Buyers who are purchasing a condominium property from a seller in a condo association.
02
Sellers who are selling their condominium property and need to disclose information and protect themselves legally.
03
Real estate agents or brokers representing either the buyer or the seller in the transaction may also need the condominium resale addendum to complete the necessary paperwork and ensure compliance with local laws and regulations.
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The condominium resale addendum is used to disclose specific information about a property that is being sold for the second or subsequent time.
The seller of a condominium unit is required to file the condominium resale addendum.
The condominium resale addendum should be filled out by the seller with accurate information about the property being sold.
The purpose of the condominium resale addendum is to provide important information about the property to potential buyers
Information such as any pending special assessments, violations of condominium rules, pending lawsuits, and other relevant details must be reported on the condominium resale addendum.
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