CIC Resale Disclosure Certificate 2026

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  1. Click ‘Get Form’ to open the CIC Resale Disclosure Certificate in the editor.
  2. Begin by entering the 'Name of Common Interest Community' and 'Name of Association' in the designated fields. This information is crucial for identifying the community involved.
  3. Fill in the 'Address of Association' and 'Unit Number(s)', ensuring you include all relevant units such as garages or storage spaces.
  4. In section 2, provide details about common expense assessments. Enter annual assessment amounts, due dates, and any special assessments applicable to the unit.
  5. Complete sections regarding unpaid assessments and additional fees. Be thorough to avoid any discrepancies that could affect future transactions.
  6. Review sections on insurance coverages and any alterations or improvements that may violate community regulations. Ensure accuracy to maintain compliance.
  7. Finally, certify the information by signing and dating at the bottom of the form, confirming its accuracy as an association representative.

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The first step you need to take in order to get a resale certificate, is to apply for a Virginia Sales Tax Certificate. This certificate will furnish a business with a unique Virginia Tax Account Number, otherwise referred to as a Sales Tax ID Number. Once you have that, you are eligible to issue a resale certificate.
The purpose of the resale certificate is to offer protection to both the buyer and the seller as well as the homeowners association. It gives sellers the opportunity to fully disclose their financial position with the HOA. At the same time, it reduces financial risk for the association.
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.
A resale certificate is an official document that exempts your business from paying sales tax on items you plan to resell. Acquiring this certificate is a fundamental step for businesses looking to comply with tax laws and avoid unnecessary costs on goods for resale.
Typically, the seller or the sellers listing agent is responsible to request (and pay for) the resale package.

People also ask

A resale certificate or closing letter provides specific information about the home you are purchasing and its standing within a given community association. Typically, a Resale Certificate is a set of documents that a homeowners or condominium seller provides to a prospective buyer, usually after mutual acceptance.
A condominium resale certificate is a legal document provided by the condominium association or management company when a unit is being sold. It is a comprehensive disclosure statement offering a snapshot of the condos financial and legal status.

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