Get Addendum For Property Subject To Mandatory Membership

The Addendum For Property Subject To Mandatory Membership is a vital document in real estate transactions involving properties governed by a property owners' association. This guide will provide you with clear instructions to conveniently complete this addendum online.

Follow the steps to successfully fill out the Addendum.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the street address and city of the property in the specified field. This identifies the property involved in the transaction.
3. Next, indicate the name of the property owners' association in the designated area. Make sure the name is accurate to avoid any confusion.
4. For the subdivision information section, select only one box based on the condition applicable to your transaction. You will need to check either the option indicating that the seller will provide subdivision information, that the buyer has approved it prior to the contract, or that the buyer does not require it.
5. If you select the first option, fill in the number of days within which the seller must deliver the subdivision information to the buyer, ensuring the time frame complies with your agreement.
6. In the fees section, input the maximum association fees that the buyer will be responsible for during the property transfer. Ensure this amount is accurate and agreed upon.
7. Read the notice to the buyer regarding repairs by the association. Although this does not require filling out, it is essential to understand the implications of any repairs that fall under the association's responsibility.
8. After completing all relevant fields, review the information provided for accuracy. Pay particular attention to names, dates, and dollar amounts.
9. Once all fields are filled out and verified, you can save changes, download a copy of the addendum, print it for physical records, or share it as needed.

Complete your property documentation online today!