Get Addendum Regarding Condominium/homeowners Associations

Filling out the Addendum Regarding Condominium/Homeowners Associations is an important step in the real estate transaction process. This guide will provide you with clear, step-by-step instructions to help you complete this document efficiently and accurately.

Follow the steps to complete the addendum online.

1. Click ‘Get Form’ button to obtain the form and access it online.
2. Locate section (A) and provide the name(s), address(es), and telephone number(s) of the condominium or homeowners' association. Make sure to have the current rules, regulations, Master Deed, financial statements, and by-laws available for the buyer.
3. In section (B), enter details about the written approval required from the association for the buyer’s purchase of the property. This approval is a crucial part of the closing process.
4. Move to section (C) where you will indicate the current monthly association fee. Note that the buyer will be responsible for any one-time non-refundable capital contribution or start-up fee that the association may require.
5. In section (D), state any assessments that the association may impose after closing. Include the amount of the assessment and a description of its purpose, such as a lawsuit or major capital improvement project that the seller is aware of.
6. After completing all sections, make sure to include signature lines for both the seller and buyer. Each party should sign and date the form for proper documentation.
7. Finally, save your changes, and choose to download, print, or share the completed addendum as needed.

Complete your documents online with confidence today!