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Get Form 37-3, Subdivision Information, Including Resale Certificate For ...
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How to fill out the Form 37-3, Subdivision Information, Including Resale Certificate For ... online
Filling out the Form 37-3 is essential for providing detailed information about a property subject to mandatory membership in a property owners' association. This guide will help you navigate the process of completing the form online with clear and actionable steps.
Follow the steps to accurately complete your Form 37-3 online.
- Press the ‘Get Form’ button to access the form and open it in the online editor.
- Begin by entering the property address in the designated fields. This includes the street address, city, and county where the property is located.
- Indicate whether the property is subject to a right of first refusal or other restrictions by selecting the appropriate option.
- Fill in the current regular assessment amount for the property in the specified field, detailing the assessment frequency.
- Provide information about any special assessments applicable to the property, along with the payment terms.
- Clearly state all amounts due and unpaid to the association attributed to the property.
- Complete the section regarding approved capital expenditures by the association.
- Fill in the reserves amount for capital expenditures.
- Disclose any unsatisfied judgments against the association along with a detailed summary of ongoing lawsuits, if applicable.
- Indicate if there is any knowledge of violations related to the property and mention known violations, if any.
- State whether the association has received notifications regarding health or building code violations and attach any relevant documentation.
- Detail the association fees resulting from the transfer of the property, including the payment recipient.
- Input the name and contact details of the association’s managing agent.
- Specify if the restrictions allow foreclosure of the association's lien for failure to pay assessments.
- Attach all required documents such as restrictions, rules, bylaws, and any government notices as indicated.
- Once all fields are completed and documents are attached, review your entries for accuracy.
Complete your Form 37-3 online now to ensure accurate and timely processing.
The two resale certificates currently promulgated by TREC are the Condominium Resale Certificate and the Subdivision Information, Including resale Certificate for Property Subject to Mandatory Membership in an Owner's Association.
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