Resale Certificate for a Condominium, Washington State

• Author: Amy Wishart, Paralegal
• Publisher: Do It Yourself Documents, LLC
• Available by Download
• List Price: $29.95
• Our Price: $24.95
• All forms are state specific: View States
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Description

A condo resale certificate is a comprehensive collection of documents that offers detailed information about a specific condo unit and the entire condo development. It encompasses critical details such as any building issues, special assessments, meeting minutes, a copy of the Reserve Study, rules and regulations, and other pertinent information about its management and financial status. When purchasing a condo, the buyer requests this document, which is meticulously compiled by the Homeowners Association or the property management company. This essential document equips potential buyers with the crucial information they need to confidently decide whether to proceed with the purchase of a specific condo.

Three pages, one-sided, 8.5 x 11

Place for:

• BUYER'S UBI or Revenue Registration Number (if required)
• Rights of First Refusal/Restraint on Alienation
• Assessments
• Delinquent Assessments
• Delinquent Association Obligations
• Other Fees and Fines
• Anticipated Repairs and/or Replacement Costs
• Judgment and Pending Suits
• Insurance
• Alterations or Improvements to the Unit or to Limited Common Elements Assigned to Unit Which Violate the Declaration
• Declarants Units; Control
• Code Violations
• Leases
• Warranty
• Reserve Study
• Exhibits
• Remarks
• Declarations
• Signature Lines
• etc.

R.C.W. 64.34.425 provides that an officer of the condominium association or its authorized agent shall furnish to a buyer at the request of an owner (seller), for a fee not to exceed $275.00, a resale certificate containing the following information based upon the books and records of the association and the actual knowledge of the person signing the certificate.