Hoa resale certificate example 2025

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  1. Click ‘Get Form’ to open the hoa resale certificate example in the editor.
  2. Begin by entering the 'Name of Association' at the top of the form. This identifies the governing body for the property.
  3. Fill in the 'Unit/Lot/Apartment No.' section with the specific identifier for the property in question.
  4. In section 1, indicate if there is a right of first refusal or any other restrictions on ownership transfer.
  5. For section 2, select how common expenses are billed (monthly, annually, or other) and input the current periodic assessment amount along with any unpaid expenses.
  6. Complete section 3 by listing any additional fees payable by the owner.
  7. In section 4, provide details about reserves for capital expenditures and specify any designated projects.
  8. Sections 5 and 6 require you to disclose any unsatisfied judgments or pending suits against the association and confirm knowledge of code violations.
  9. Section 7 addresses leasehold estates; indicate if applicable and provide relevant terms.
  10. Finally, complete section 8 regarding restrictions on sale proceeds and attach required documents as listed at the end of the form.

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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 certificate provides specific information about the home in the transaction and its standing in the community association. It includes any past-due payments to the association, pending violations, unpaid violations, unpaid special assessments, and fees that are due upon closing.
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.
After a purchase contract has been signed, the seller must provide the buyer with a resale package. The buyer, seller, title company, or real estate agents will request the package from the HOA board or management company 30 to 60 days before closing.
While your agent or escrow company typically orders the appropriate forms for closing, homeowners can also directly request an HOA resale certificate or other disclosure materials from the communitys management company or HOA board.
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The resale certificate works as a financial overview of the HOA this includes a sellers current standing with the association. A resale certificate also provides important information regarding the property being sold. Other required information may include: Unpaid violations. Pending violations.
The resale certificate works as a financial overview of the HOA this includes a sellers current standing with the association. A resale certificate also provides important information regarding the property being sold. Other required information may include: Unpaid violations.

texas hoa resale certificate fee