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Rules are essential to a inium association as they provide certainty and order; protect the freedom and safety of residents; clarify provisions in the governing documents; and protect common areas and property values.
What is 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.
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.
Who completes the resale disclosure 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.
What does a inium owner actually own quizlet?
See an expert-written answer! A inium owner actually owns: a fee simple interest in an airspace and tenancy in common interest in a share of common elements.
form 27
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Whats the purpose of the inium resale certificate Quizlet?
Condo Contract 2 (C). RESALE CERTIFICATE: This is a very important document because it provides the buyer with information about the Homeowners dues, the amount of reserve for repairs, replacement of common elements in the project, i.e. roof replacement, resurfacing the swimming pool, painting the complex, etc.
What is a resale certificate for a condo in Washington state?
What is a resale certificate? A condo resale certificate is a collection of documents that provides detailed information about a specific condo unit plus the condo development as a whole.
hoa certificate
A492-05RESALE.pdf - DPOR - Virginia.gov
Section 55.1-2310 of the Resale Disclosure Act in the Code of Virginia requires this standard resale certificate. The unit being purchased is in a development
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