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 sections on rights of first refusal, common expense assessments, unpaid dues, anticipated capital expenditures, financial reports, legal judgments, insurance coverage, leasehold estates, and restrictions on pets and rentals. Required attachments include the operating budget, insurance summary, rules and bylaws of the association, and the declaration.

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Click ‘Get Form’ to open the KREC Form 404 in the editor.
Begin by filling in the condominium unit details, including the building name and project name. Ensure accuracy for proper identification.
Indicate whether the Declaration contains a right of first refusal or other transfer restrictions by checking the appropriate box.
Enter the monthly common expense assessment amount and frequency in the designated fields.
Specify if there are any unpaid assessments due to the Association, detailing amounts and reasons as necessary.
Complete sections regarding anticipated capital expenditures and reserves, providing accurate financial figures.
Attach required documents such as the operating budget and insurance summary directly within our platform for seamless submission.
Review all entries for completeness before finalizing your form. Initial for identification where indicated.

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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.

Which of the following residential sales contract provisions in Kentucky is used by sellers to disclose information about any material defects in the home?

The law in question is Kentucky Revised Statutes 324.360, which requires sellers of single-family residential properties to make certain disclosures to potential buyers. The statute refers you to a form created by the Kentucky Real Estate Commission, titled SELLERS DISCLOSURE OF PROPERTY CONDITION.

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

This certificate includes essential information about the condominium association, such as its financial health, reserve funds, bylaws, rules and regulations, and pending legal actions. It also outlines any restrictions or special assessments that may affect the buyers ownership rights or financial obligations.