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Get Waiver Of Right Of First Refusal Condo Form
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How to fill out the Waiver Of Right Of First Refusal Condo Form online
The Waiver Of Right Of First Refusal Condo Form is an important document for condominium owners looking to formally request a waiver from their association's first refusal rights. This guide will provide you with clear, step-by-step instructions on how to effectively fill out the form online.
Follow the steps to complete the form accurately and efficiently.
- Click the ‘Get Form’ button to access the Waiver Of Right Of First Refusal Condo Form. This action will allow you to obtain the document and open it in an editable format.
- Begin filling out the form by providing your name and any co-owners in the section labeled 'I/We'. Make sure to enter this information accurately as it identifies the current owners requesting the waiver.
- Enter the unit number and address in the 'Unit # and Address Being purchased' section. Ensure that this information matches the records held by the condominium association.
- Fill in the realtor's name in the designated field. This step helps the board identify the point of contact regarding the sale.
- Provide the name and address of the prospective purchaser in the respective fields. Accurate details are essential for processing the waiver request correctly.
- Indicate the number of occupants who will be living in the unit once it is purchased. This number must comply with occupancy regulations set by the association.
- List the number and ages of any children who will be living in the unit, as this may also be considered under occupancy rules.
- Specify the purchase price of the unit in the relevant field. Ensure that this matches the agreement made with the prospective purchaser.
- Indicate the expected closing date of the sale. This is important for scheduling and processing by the condominium board.
- Confirm that the prospective owner has received the Welcome Package, Bylaws, Rules and Regulations, and Master Deed by checking the appropriate statement.
- Both the current owner and the prospective owner must sign the form in their respective sections. It is critical that signatures are included for the request to be valid.
- Enter the date on which the form is signed. This date is necessary for record-keeping purposes.
- Before submitting, contact the association treasurer to verify any unpaid common fees and attach the required fee of fifty dollars.
- Save your changes, then proceed to download, print, or share the completed form as needed for submission.
Take the next step in your condominium sale process and complete your documents online.
The right of the first refusal lease clause or addendum is a legally-binding document that gives a tenant the first right to purchase a property if it goes up on the market.
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