CONDOMINIUM RESALE CERTIFICATE

[ASSOCIATION NAME]

CERTIFICATE INFORMATION

PART A: UNIT INFORMATION

Unit Address: ________________________________________________

Unit Number: ________________________________________________

Building/Phase: ________________________________________________

Parking Space(s): ________________________________________________

Storage Unit(s): ________________________________________________

Legal Description:
[LEGAL DESCRIPTION OF UNIT OR REFERENCE TO RECORDED CONDOMINIUM DECLARATION]

Percentage Interest in Common Elements: [X]%

PART B: CURRENT OWNER INFORMATION

Owner of Record:
Name(s): ________________________________________________

Mailing Address: ________________________________________________

Phone: ____________________ Email: ____________________

How Title is Held: ☐ Individual ☐ Joint Tenants ☐ Tenants in Common ☐ Trust ☐ Entity: ____________

PART C: ASSOCIATION INFORMATION

Association Name: [FULL LEGAL NAME]

Date of Incorporation: [DATE]

State of Incorporation: [STATE]

Principal Office Address:
________________________________________________
________________________________________________

Management Company (if any):
Name: ________________________________________________
Address: ________________________________________________
Phone: ____________________ Email: ____________________

Primary Contact:
Name: ________________________________________________
Phone: ____________________ Email: ____________________

PART D: ASSESSMENT INFORMATION

Current Assessments

Assessment Delinquency Status

Is the Unit Current on Assessments? ☐ Yes ☐ No

If No, Amounts Past Due:

Lien Recorded: ☐ Yes ☐ No
If Yes, Recording Reference: ________________________________________________

Pending Assessments

Pending Special Assessments:
☐ There are no pending special assessments.
☐ The following special assessment(s) have been approved or are pending:

Assessment Increase:
☐ No assessment increase is currently planned.
☐ An assessment increase has been [APPROVED / PROPOSED]:
- Current Assessment: $[AMOUNT]
- New Assessment: $[AMOUNT]
- Effective Date: [DATE]

PART E: FINANCIAL INFORMATION

Association Financial Summary

Fiscal Year: [START DATE] to [END DATE]

Reserve Fund Status

Most Recent Reserve Study Date: [DATE]

Reserve Fund Adequacy:
☐ Fully Funded (100%+ of recommended reserves)
☐ Adequately Funded ([X]% of recommended reserves)
☐ Underfunded (below [X]% of recommended reserves)

Percent Funded: [X]%

Planned Reserve Expenditures (next 5 years):

Accounts Receivable

Total Delinquent Assessments (all units): $[AMOUNT]
Number of Units with Delinquent Assessments: [NUMBER] of [TOTAL UNITS]

PART F: INSURANCE INFORMATION

Master/Association Insurance

Property Insurance Coverage: ☐ All-In (includes unit interiors) ☐ Bare Walls ☐ Single Entity ☐ Other: ____________

Certificate of Insurance Available Upon Request: ☐ Yes

Unit Owner Insurance Requirements

Unit owners are [REQUIRED / RECOMMENDED] to maintain the following insurance:
☐ HO-6 (Condominium Unit Owner) policy
☐ Minimum liability coverage: $[AMOUNT]
☐ Loss assessment coverage
☐ Other: ________________________________________________

PART G: VIOLATIONS AND LEGAL MATTERS

Violations

Are there any open/unresolved violations against this unit?
☐ No open violations
☐ Yes, the following violations are open:

Litigation

Is the Association currently involved in any litigation?
☐ No pending litigation
☐ Yes, the following matters are pending:

Is the Association aware of any threatened litigation?
☐ No ☐ Yes (describe): ________________________________________________

Judgments

Are there any unsatisfied judgments against the Association?
☐ No ☐ Yes: $[AMOUNT] - [DESCRIPTION]

PART H: GOVERNING DOCUMENTS

The following governing documents are [ATTACHED / AVAILABLE UPON REQUEST]:

☐ Declaration of Condominium (CC&Rs)
☐ Articles of Incorporation
☐ Bylaws
☐ Rules and Regulations
☐ Most Recent Annual Budget
☐ Most Recent Financial Statement
☐ Reserve Study Summary
☐ Minutes of Board Meetings (past [12] months)
☐ Minutes of Annual Meeting (most recent)
☐ Insurance Summary
☐ Other: ________________________________________________

Amendments:
The Declaration has been amended [NUMBER] times. The most recent amendment was recorded on [DATE] at [RECORDING REFERENCE].

PART I: TRANSFER AND MOVE-IN REQUIREMENTS

Transfer Fee/Capital Contribution

Board Approval

Is Board approval required for transfer?
☐ No
☐ Yes - [DESCRIBE APPROVAL PROCESS AND CRITERIA]

Right of First Refusal:
☐ The Association does not have a right of first refusal.
☐ The Association has a right of first refusal as follows: [DESCRIBE]

Move-In Requirements

☐ Move-in deposit required: $[AMOUNT] (refundable)
☐ Move-in scheduling required: Contact [NAME] at [PHONE]
☐ Move-in hours: [HOURS]
☐ Elevator reservation required (if applicable)
☐ Certificate of insurance required from moving company
☐ Other: ________________________________________________

PART J: LEASING RESTRICTIONS

Are there restrictions on leasing/renting?
☐ No restrictions
☐ Yes, the following restrictions apply:

Current Rental Status of Unit:
☐ Owner-occupied
☐ Tenant-occupied (Lease expires: [DATE])
☐ Vacant

PART K: OTHER DISCLOSURES

Pet Restrictions

☐ No pet restrictions
☐ Pets are restricted as follows:
- Dogs: ☐ Permitted (max [NUMBER], max weight [X] lbs) ☐ Prohibited
- Cats: ☐ Permitted (max [NUMBER]) ☐ Prohibited
- Other: ________________________________________________

Age Restrictions

☐ No age restrictions
☐ Age-restricted community: [DESCRIBE - e.g., 55+ community under Housing for Older Persons Act]

Parking

☐ Assigned parking space(s): [NUMBER(S)]
☐ Deeded parking space(s): [NUMBER(S)]
☐ Common parking (unassigned)
☐ Guest parking available

Storage

☐ Assigned storage unit: [NUMBER]
☐ No storage unit assigned

Known Defects / Material Issues

☐ The Association is not aware of any material defects affecting the common elements.
☐ The following material defects or issues are known: [DESCRIBE]

Pending Projects

☐ No major projects are currently planned.
☐ The following projects are planned: [DESCRIBE]

PART L: CERTIFICATE FEE

Fee for this Resale Certificate: $[AMOUNT]

Rush Fee (if applicable): $[AMOUNT]

Total Fee: $[AMOUNT]

Paid By: ☐ Seller ☐ Buyer ☐ Split

PART M: CERTIFICATION

The undersigned certifies that the information contained in this Resale Certificate is accurate and complete to the best of their knowledge as of the date of preparation.

CERTIFIED BY:

☐ Association Officer:

Signature: ______________________________

Print Name: ______________________________

Title: ______________________________

Date: ______________________________

☐ Management Company:

Signature: ______________________________

Print Name: ______________________________

Company: ______________________________

Date: ______________________________

IMPORTANT NOTICES

Validity Period

This Resale Certificate is valid for [THIRTY (30)] days from the date of preparation [or until the date of closing, whichever is earlier]. Information is subject to change. Updated information should be obtained if closing occurs after the validity period.

Reliance

The Association certifies this information to the named seller and prospective purchaser and their agents. The purchaser may rely on this certificate. The Association is bound by the amounts stated herein for assessments and fees.

Cancellation Rights

[STATE-SPECIFIC] Under [STATE] law, the purchaser may have the right to cancel the purchase contract within [X] days of receiving this Resale Certificate if certain required information is not provided.

Not Legal Advice

This Resale Certificate is provided for disclosure purposes only and does not constitute legal advice. Purchasers should review governing documents and consult with legal counsel before purchasing.

Additional Documents

The purchaser is entitled to receive and review the governing documents before closing. Request any documents not included with this certificate.

PURCHASER ACKNOWLEDGMENT

I/We acknowledge receipt of this Resale Certificate and [NUMBER] pages of attachments.

Purchaser Signature: ______________________________ Date: ______________

Print Name: ______________________________

Purchaser Signature: ______________________________ Date: ______________

Print Name: ______________________________

REQUEST INFORMATION

This Resale Certificate was requested by:

☐ Seller: ________________________________________________
☐ Buyer: ________________________________________________
☐ Title Company: ________________________________________________
☐ Real Estate Agent: ________________________________________________
☐ Attorney: ________________________________________________

Requestor Contact:
Name: ________________________________________________
Phone: ____________________ Email: ____________________

Request Date: ________________ Fee Paid: ☐ Yes Amount: $__________

ATTACHMENTS CHECKLIST

☐ Declaration of Condominium / CC&Rs
☐ Bylaws
☐ Articles of Incorporation
☐ Rules and Regulations
☐ Current Year Budget
☐ Most Recent Financial Statement
☐ Reserve Study Summary
☐ Insurance Certificate / Summary
☐ Pending Special Assessment Notice (if applicable)
☐ Minutes of Annual Meeting
☐ Architectural Guidelines
☐ Pet Policy
☐ Move-In Procedures
☐ Parking Rules
☐ Other: ________________________________________________

Total Pages of Attachments: __________

End of Document