..What is a Resale Certificate?

A Resale Certificate is a set of documents and disclosures that are assembled by the association usually provided by the seller to prospective buyers during the sale process.

It typically includes important information about the condo association, such as financial statements, bylaws, rules and regulations, and any pending assessments. This certificate ensures that buyers are fully informed about the condo’s financial health, legal standing, and any obligations they might inherit as new owners. It’s a crucial part of the buying process, allowing buyers to make informed decisions before finalizing the purchase.

Other information or documents included are:

• pending violations and fees
• pending litigation
• reserve funds balance
• upcoming expenditures
• legal documents that describe the formation of the subdivision/condo association and how it operates (CC&Rs)
• other state-specific information

Since the HOA’s property management company handles the accounts for the association, it will complete the certificate. They are important because they give a peace of mind to everyone involved in the transaction. Please click the button below to submit a certificate request.