Get Hoa Resale Disclosureaddendum For Md - 1012.pdf

Filling out the HOA Resale Disclosure Addendum for Maryland can seem daunting, but with clear guidance, it becomes manageable. This document is essential for sellers to disclose specific information regarding the property and homeowners association to potential buyers.

Follow the steps to complete the form effectively.

1. Select the ‘Get Form’ button to access the document and open it in your preferred online editor.
2. Begin by entering the address, city, state, and zip code of the property in the designated fields. Ensure accuracy as this information is crucial for identification.
3. In Part I, under Seller Disclosure, the seller must acknowledge that all information is completed by them. Check the appropriate box to confirm understanding.
4. Provide the name of the homeowners association and any relevant fees and assessments. Be precise in stating the HOA fee per month and detailing any special assessments, if applicable.
5. If special assessments exist, fill in the reasons, payment schedule, number of payments remaining, and total balance.
6. Indicate whether there are any delinquent fees or assessments. If applicable, provide additional information about included services like trash or lawn care.
7. State the total amount of fees imposed during the prior fiscal year in the specified sections. Make sure each value is recorded accurately.
8. In the section regarding Parking and Storage, designate what is conveyed with the property, including any relevant parking space or storage unit details.
9. List the management agent or authorized person for the HOA. If none exists, make sure to initial in the indicated area.
10. Confirm the seller’s knowledge of unsatisfied judgments or lawsuits. Add any relevant notes as necessary.
11. Review notice requirements about notifying the HOA and the buyer's rights regarding documents as per the Maryland Homeowners Association Act.
12. In Part II, ensure the contract details are amended correctly, outlining agreements between the seller and buyer regarding fees and assessments.
13. After completing all sections, save your progress and review the document for accuracy. When ready, download, print, or share the filled-out form as needed.

Complete your HOA Resale Disclosure Addendum online today for a smoother selling process.