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Condo Certificate of Resale from Self-Managed Association - DC

Condo Certificate of Resale from Self-Managed Association - DC 2026

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The document is a Certificate of Resale for a condominium unit, certifying ownership details, unpaid assessments, and insurance coverage. It outlines the financial status of the unit, including current and unpaid assessments, waivers of rights by the Unit Owners' Association regarding sale restrictions, and provides information on anticipated capital expenditures and insurance policies. The certificate serves as an official statement for potential buyers regarding the unit's financial obligations and conditions.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date of the certificate and the unit number. Ensure that you accurately fill in the percentage of ownership and parking space details.
In the section regarding unpaid assessments, provide current monthly operating and special assessment amounts for both the unit and parking space. Include any due amounts and late fees.
Complete the statement regarding waivers of rights of first refusal, ensuring clarity on any restraints on free alienability.
Fill in anticipated capital expenditures and reserve amounts, along with any pending suits or judgments affecting the association.
Detail insurance coverage information, including agency details and current coverage limits. Specify if alterations are insured.
Finally, confirm receipt of any fees for preparation of this certificate and ensure all signatures are included before finalizing your document.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who pays for condo resale documents?

Some states require that the seller, or homeowner, pay for the resale package while others assign that financial obligation to the buyer. The question of who orders it usually depends on who pays for it.

What is a resale certificate for HOA?

HOA Resale Certificate The resale certificate is a financial overview of the HOA, featuring a sellers current standing with the association and key information regarding the property being sold. Other information may include: Amount and frequency of HOA dues. Unpaid violations. Pending violations.

Who fills out the condominium resale certificate?

A condominium resale certificate is a legal document provided by the condominium association or management company when a unit is being sold. It is a comprehensive disclosure statement offering a snapshot of the condos financial and legal status.

How to get a resale certificate in DC?

HOW TO GET A DISTRICT OF COLUMBIA RESALE CERTIFICATE? STEP 1 : Obtain a District of Columbia Sales Tax License. STEP 2 : Fill out the DC OTR-368 Tax Exemption Certificate form. STEP 3 : Present a copy of this certificate to suppliers when you wish to purchase items for resale.

Who completes the condominium resale certificate?

Who completes the information for the resale certificate? Because the associations property management company handles the accounts receivable for the association and has the rest of its accounting information handy as well, the management company will complete the certificate as a service to its clients.

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Who pays for a HOA resale certificate in Texas?

Texas: In Texas, the seller typically pays for the HOA resale certificate. The Texas Property Code allows associations to charge reasonable fees for preparing and providing resale certificates, with many communities charging between $100-$300 for standard processing.

Condo Certificate of Resale from Self-Managed Association - DC 2026

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