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Get the free Condominium Seller Disclosure/resale Addendum for the District of Columbia

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The Condominium Seller Disclosure outlines fees, assessments, and pertinent property details for potential buyers in Washington DC, enhancing transparency during real estate transactions.
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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
Obtain the condominium seller disclosure resale addendum form from a real estate professional or online resource.
02
Fill in the property address and the names of the seller(s).
03
Review the condominium association documents to gather necessary information.
04
Complete sections detailing property disclosures such as maintenance, known defects, and repairs.
05
Provide information regarding the homeowner's association (HOA) fees and rules.
06
Include any special assessments or pending lawsuits involving the condominium.
07
Sign and date the addendum. Ensure all sellers sign as needed.
08
Provide the completed addendum to potential buyers during the sales process.

Who needs condominium seller disclosureresale addendum?

01
Sellers of condominiums are required to provide this addendum to disclose pertinent information to potential buyers.
02
Real estate agents representing sellers need this addendum to ensure compliance with disclosure laws.
03
Buyers interested in purchasing a condominium need the addendum to understand the rights and responsibilities tied to the property.
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The condominium seller disclosure resale addendum is a document that provides essential information about the condominium unit being sold, including its condition, financials, and any rules or regulations governing the condominium association.
The seller of a condominium unit is required to file the condominium seller disclosure resale addendum as part of the resale process.
To fill out the condominium seller disclosure resale addendum, the seller should provide accurate information regarding the property, including property details, disclosures about the unit's condition, and any association rules or fees.
The purpose of the condominium seller disclosure resale addendum is to inform potential buyers about the specifics of the condominium unit and community, ensuring transparency and aiding buyers in making informed decisions.
Information that must be reported includes property conditions, any known defects, financial obligations to the condominium association, and pertinent rules and regulations.
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Condominium Seller Disclosure Resale Addendum District of Columbia GCAAR Contract Property Fees Special Assessments Condominium Association Real Estate Homeowners Association

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