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Condominium sellers certificate

Krec form 404 2025

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The document is a Condominium Seller's Certificate issued by the Kentucky Real Estate Commission, detailing essential information about a specific condominium unit. It includes disclosures regarding the right of first refusal, common expense assessments, unpaid dues, anticipated capital expenditures, financial reports, legal judgments, insurance coverage, and any restrictions related to pets or rentals. Required attachments include the operating budget, insurance summary, rules and bylaws of the association, and the declaration.

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Versions	Form popularity	Fillable & printable
2019	4.8 Satisfied (149 Votes)
2019	4.2 Satisfied (58 Votes)

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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.

What can a potential buyer do if a inium seller provides inium documents to the buyer eight days after accepting the buyers offer?

A seller must provide a potential buyer with inium disclosure documents within 10 days of accepting the offer and not less than 15 days before closing. After receiving the documents, the buyer has a five-business day right to rescind the offer.

Whats the purpose of the inium sellers certificate in a Kentucky transaction?

Condo buyers and inspectors are better informed if they get a Certificate, just it is they are when home buyers get a Seller Disclosure, and integrate the disclosures in the contract and inspection reports.

What information does the inium sellers certificate provide to prospective buyers?

Typically, a Resale Certificate is a set of documents that a homeowners or inium seller provides to a prospective buyer, usually after mutual acceptance. The certificate typically includes the homeowners association budget, the Covenants, Conditions, and Restrictions (CCRs) for the association.

What documentation in regard to the inium would you request from the seller?

inium documentation? A paralegal who is assisting in the closing of a purchase of a inium unit would request from the seller copies of all the inium documentation, such as the declaration, plat, articles of incorporation, and bylaws of the inium association.

What is a certificate of no unpaid common expenses?

A 6 (d) certificate stating that there are no unpaid common charges to the inium association as of the date of closing must be issued and sent to us prior to closing. This certificate is obtained from the trustees or managers of the inium and must be in the form prescribed by law.

Whats the purpose of the inium resale certificate?

Overall, a inium resale certificate facilitates transparency, protects buyers, and promotes fair real estate transactions. It provides potential buyers the necessary information to make informed decisions and ensures a smoother transaction process for all parties involved.

Krec form 404 2025

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How to edit Krec form 404 in PDF format online

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Got questions?

What can a potential buyer do if a inium seller provides inium documents to the buyer eight days after accepting the buyers offer?

Whats the purpose of the inium sellers certificate in a Kentucky transaction?

What information does the inium sellers certificate provide to prospective buyers?

What documentation in regard to the inium would you request from the seller?

What is a certificate of no unpaid common expenses?

People also ask

Whats the purpose of the inium resale certificate?

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Krec form 404 2025

Here's how it works

How to edit Krec form 404 in PDF format online

See more krec form 404 versions

Complete this form in 5 minutes or less

Got questions?

What can a potential buyer do if a inium seller provides inium documents to the buyer eight days after accepting the buyers offer?

Whats the purpose of the inium sellers certificate in a Kentucky transaction?

What information does the inium sellers certificate provide to prospective buyers?

What documentation in regard to the inium would you request from the seller?

What is a certificate of no unpaid common expenses?

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Whats the purpose of the inium resale certificate?

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