Condominium resale certificate form 27 2026

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  1. Click ‘Get Form’ to open the condominium resale certificate form 27 in the editor.
  2. Begin by filling in the 'Unit No.' and the name of the condominium in the designated fields at the top of the form.
  3. Complete the buyer's information, ensuring all names are accurately entered.
  4. Address each question regarding rights of first refusal, assessments, and any delinquent obligations. Use checkboxes where applicable and provide detailed descriptions in the remarks section if necessary.
  5. For anticipated repairs or replacements, indicate whether there are any costs exceeding 5% of the annual budget and provide amounts as required.
  6. Ensure all required exhibits are attached as listed at the end of the form, including financial statements and bylaws.
  7. Finally, have both buyers and sellers sign and date where indicated to validate the document.

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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.
The resale package process Generally speaking, either the buyer, seller or agents will request the package. Most states laws will require the seller to disclose this information to the buyer. This may include a title or escrow company representing the seller to request the statement from the management office.
A condo resale certificate is a document you can request from the condo association. It discloses vital information about the building and the unit itself. It typically includes: Financial information: The associations budget, reserve funds and any outstanding debts or fees.
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.
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.

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Typically, the seller or the sellers listing agent is responsible to request (and pay for) the resale package.

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