Fill and Sign the Trec No 32 4 Condominium Resale Certificate Texasgov Form

Page 1 of 2 EQUAL HOUSING OPPORTUNITYCONDOMINIUM RESALE CERTIFICATE PROMULGATED BY THE __________ REAL ESTATE COMMISSION Condominium Certificate concerning Condominium Unit __________, in Building ______________, of __________________________, a condominium project, located at ________________________________________ (Address), City of _____________________, ___________________, County, __________, on behalf of the condominium owners association (the Association) by the Association's governing body (the Board). A. The Declaration ( ) does ( ) does not contain a right of first refusal or other restraint that restricts the right to transfer the Unit. If a right of first refusal or other restraint exists, see § ________ of the Declaration. B. The periodic common expense assessment for the Unit is $___________ per____________ . C. There ( ) is ( ) is not a common expense or special assessment due and unpaid by the Seller to the Association. The total unpaid amount is $___________ and is for___________________. D. Other amounts ( ) are ( ) are not payable by Seller to the Association. The total unpaid amount is $_____________ and is for____________________________________________ . E. Capital expenditures approved by the Association for the next 12 months are $___________ . F. Reserves for capital expenditures are $ ________________; of this amount $____________ has been designated for _____________________________________________________. G. The current operating budget of the Association is attached. H. The amount of unsatisfied judgments against the Association is $_________________. I. There ( ) are ( ) are not any suits pending against the Association. The nature of the suits is ____________________________________________________________________________. J. The Association ( ) does ( ) does not provide insurance coverage for the benefit of unit owners as per the attached summary from the Association's insurance agent. K. The Board ( ) has ( ) has no knowledge of alterations or improvements to the Unit or to the limited common elements assigned to the Unit or any portion of the project that violate any provision of the Declaration, by-laws or rules of the Association. Known violations are: __________________________________________________________________________. L. The Board ( ) has ( ) has not received notice from a governmental authority concerning violations of health or building codes with respect to the Unit, the limited common elements assigned to the Unit, or any other portion of the condominium project. Notices received are:___________________________________________________________________________. M. The remaining term of any leasehold estate that affects the condominium is ______________ and the provisions governing an extension or renewal of the lease are:_________________________________________________________________________________________________. N. The name, mailing address and telephone number of the Association's managing agent are:_____________________________________________________________________________ (Name) (Telephone Number) ____________________________________________________________________________ (Mailing Address) Page 2 of 2 REQUIRED ATTACHMENTS: 1. Operating Budget 2. Insurance Summary (Name of Condominium Owners Association) NOTICE: The Certificate must be prepared no By:________________ more than three months before the date it is delivered to Buyer. ___________________________________ Received:_____________________20____ Title _____________________________________ ___________________________________ Buyer Mailing Address _____________________________________ ___________________________________ Buyer Date Phone No. The form of this certificate has been approved by the _________ Real Estate Commission for use only with similarly approved or promulgated forms of contracts. No representation is made as to the legal validity or adequacy of any provision in any specific transactions.