Real Estate Resale Certificate

REAL ESTATE RESALE CERTIFICATE

Date of Issuance:

Property Identification

Association / Management

Unit Owner (Seller)

Buyer / Requestor (if applicable)

Financial and Assessment Information

Regular Assessment Amount: $   Frequency:

Next Assessment Due Date:   Outstanding Association Balance: $

Is the unit currently delinquent in regular assessments?    Yes    No

Special Assessments Pending?    Yes    No   If yes, amount: $

Current Reserve Fund Balance: $   Date of Last Approved Budget:

Estoppel / Certificate Fee Charged to Requestor: $   Transfer / Document Fee: $

Outstanding Fines or Liens Assessed Against Unit: $

Insurance, Litigation & Enforcement

Is the association subject to pending or threatened litigation affecting assessments or unit use?    Yes    No

Does the association maintain property/casualty insurance covering common areas?    Yes    No

Property Condition & Disclosures

Known prior structural damage or repair to unit?    Yes    No

Known mold, water intrusion, or unresolved moisture issues?    Yes    No

Unit located in designated flood zone?    Yes    No

Known lead-based paint hazard (for properties built before 1978)?    Yes    No

Attachments

Documents provided with this certificate (check all that apply):
Bylaws / Governing Documents
Most Recent Financial Statements
Reserve Study
Most Recent Meeting Minutes
Estoppel Letter / Collection Summary

Certification and Legal Statement

The undersigned certifies under penalty of perjury and on behalf of the association and/or the unit owner that, to the best of the undersigned's knowledge, the statements in this Resale Certificate are true and complete as of the Date of Issuance shown above. This certificate is prepared solely for the benefit of the requestor named herein and any purchaser, lender, title company, or their agents in reliance upon the representations contained herein.

The association makes no warranty, express or implied, as to matters outside the association's control. The recipient may rely on the matters certified herein, and the recipient's reliance is a material consideration for issuance. The requestor agrees to indemnify and hold harmless the association, its board members, agents and managing agent from claims, damages, costs, and expenses arising from reliance on this certificate, except to the extent caused by the association's intentional misrepresentation.

The association reserves the right to correct clerical errors and to update this certificate as required by law. Any factual dispute regarding the contents of this certificate must be timely submitted in writing to the association for review and correction.

Acknowledgment

By signing below, the Association Representative certifies that this information is true and correct as of the Date of Issuance and that the association authorizes issuance of this Resale Certificate. The Unit Owner acknowledges receipt of this certificate and confirms that the owner has disclosed to the association any material facts known to the owner which are required to be included herein.

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