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REAL ESTATE AND CONDOMINIUM FORM 1 ENGAGEMENT LETTER Between Accountant and ClientPURSUANT TO THE REAL ESTATE ACT Since July 1996, when the Real Estate Act became law, the Real Estate Council of Alberta

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How to fill out condominium resale certificate

01

Obtain a copy of the resale certificate form from the condominium association or property management company.

02

Fill in the necessary information such as the name of the current owner, unit number, and contact information.

03

Provide information about any outstanding dues or fees owed to the association.

04

Disclose any pending litigation or special assessments that may affect the property.

05

Sign and date the form to certify its accuracy and completeness.

Who needs condominium resale certificate?

01

Anyone looking to sell a condominium unit will need to provide a resale certificate to potential buyers.

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What is condominium resale certificate?

A condominium resale certificate is a document that provides important information about a condominium unit or association, typically needed for potential buyers to understand the status and rules of the property.

Who is required to file condominium resale certificate?

The seller of the condominium unit is generally required to file the condominium resale certificate, though it can also be initiated by the condominium association.

How to fill out condominium resale certificate?

To fill out a condominium resale certificate, the seller or the association must complete specific sections detailing the unit's ownership, outstanding fees, rules and regulations, and any pending litigation.

What is the purpose of condominium resale certificate?

The purpose of the condominium resale certificate is to provide prospective buyers with essential information regarding the financial, legal, and operational status of the condominium association and its units.

What information must be reported on condominium resale certificate?

The condominium resale certificate must report information including the current financial status of the association, any pending assessments or dues, rules and regulations, and details about the unit’s history and ownership.

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