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Condominium Seller Disclosure/Resale Addendum for the District of Columbia (Recommended for the Listing Agreement and required for the Regional Contract) Address City Block/Square: Parking Space(s)
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How to fill out condominium seller disclosureresale addendum
How to fill out a condominium seller disclosureresale addendum:
01
Start by obtaining the official condominium seller disclosureresale addendum form. This form is typically provided by the real estate agent or attorney handling the sale of the condominium unit.
02
Begin by filling out your personal information in the designated spaces on the form. This includes your full name, address, contact information, and any other details required.
03
Next, provide the necessary information about the condominium unit being sold. This includes the address of the unit, its legal description, and any other relevant details such as the unit number or floor level.
04
Identify and disclose any material defects or issues with the condominium unit. This can include past repairs, damages, or any known problems that may affect the value or condition of the unit. Be as detailed and thorough as possible to provide complete disclosure to potential buyers.
05
If there have been any alterations or improvements made to the unit, such as remodeling or upgrades, make sure to disclose them accurately. Include information about when the changes were made, permits obtained (if applicable), and whether any warranties or guarantees are in place.
06
If there are any ongoing disputes or litigation involving the condominium unit, it is important to disclose this information. This can include any pending lawsuits, insurance claims, or issues with the homeowners' association.
07
Inform potential buyers about any assessments, fees, or dues associated with the condominium unit. This includes regular maintenance fees, special assessments, or any other financial obligations that the buyer will be responsible for upon purchasing the unit.
08
Finally, make sure to sign and date the condominium seller disclosureresale addendum form. Depending on the jurisdiction, there may be additional signatures required, such as the buyer's acknowledgement. Check with your real estate agent or attorney to ensure all necessary signatures are obtained.
Who needs a condominium seller disclosureresale addendum?
01
Sellers of condominium units who want to provide full disclosure of the property's condition and any known issues to potential buyers.
02
Real estate agents and attorneys involved in the sale or purchase of condominium units. They may require this addendum to ensure legal compliance and protect their clients' interests.
03
Potential buyers of condominium units who want to have a comprehensive understanding of the property's condition, history, and any ongoing disputes or financial obligations associated with the unit. The condominium seller disclosureresale addendum helps buyers make informed decisions before purchasing a property.
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What is condominium seller disclosureresale addendum?
The condominium seller disclosureresale addendum is a legal document that requires sellers to disclose information related to the resale of a condominium.
Who is required to file condominium seller disclosureresale addendum?
Sellers of condominium units are required to file the condominium seller disclosureresale addendum.
How to fill out condominium seller disclosureresale addendum?
The condominium seller disclosureresale addendum can be filled out by providing accurate information about the condominium unit being sold.
What is the purpose of condominium seller disclosureresale addendum?
The purpose of the condominium seller disclosureresale addendum is to ensure that buyers are informed about the condition of the condominium unit before making a purchase.
What information must be reported on condominium seller disclosureresale addendum?
Information such as any known issues with the condominium unit, past repairs or renovations, and any ongoing disputes within the condominium association must be reported on the condominium seller disclosureresale addendum.
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