Get 32-3, Condominium Resale Certificate, 12-05-2011 - Trec State Tx

The 32-3, condominium resale certificate, issued by the Texas Real Estate Commission, is an important document that provides essential information regarding a condominium unit being sold. This guide will walk you through the process of accurately completing this form online to ensure all necessary details are provided.

Follow the steps to fill out the condominium resale certificate online:

1. Press the ‘Get Form’ button to access the condominium resale certificate. You will need to open it in your preferred online document editor.
2. Begin filling in the details regarding the condominium unit. Indicate the unit number, building name, and the specific condominium project location, including the address, city, and county.
3. Confirm whether the declaration contains a right of first refusal or any other restraint affecting the unit's transfer. Provide the corresponding section from the declaration if applicable.
4. Complete the section regarding the periodic common expense assessment for the unit, specifying the amount and frequency of payments.
5. Indicate if there are any common expenses or special assessments due from the seller to the association. If there are, provide the total unpaid amount and specify the reason.
6. Detail any additional amounts owed by the seller to the association, including the total unpaid amount and the reason.
7. Describe the capital expenditures approved by the association for the next year, including the total amount.
8. List the reserves designated for capital expenditures and specify the allocation.
9. Attach the current operating budget of the association. Ensure this document is included with your submission.
10. Provide the amount of unsatisfied judgments against the association if applicable.
11. State whether there are any pending lawsuits against the association and specify the nature of these suits.
12. Indicate whether the association provides insurance coverage for unit owners, along with a summary from the insurance agent.
13. Note any knowledge of alterations or improvements to the unit or common areas that may violate governing documents.
14. Report any notices received from governmental authorities regarding violations of health or building codes.
15. If a leasehold estate affects the condominium, provide the remaining term and any provisions for renewal.
16. Fill in details regarding the association's managing agent, including their name, mailing address, telephone number, fax number, and email address.
17. Specify the association fees related to the transfer of the unit.
18. Indicate any required contributions to the capital reserves account.
19. Ensure you have prepared the document within three months of it being delivered to the buyer.
20. Finally, review all entries for accuracy before saving, downloading, printing, or sharing the completed form.

Complete your condominium resale certificate online today!