Get Md Hoa Act Disclosure To Buyer & Transmittal Of Docs Resale Lot Any Size Or Initial Sale 12

The MD HOA Act Disclosure To Buyer & Transmittal Of Docs Resale Lot Any Size OR Initial Sale 12 is a vital document for real estate transactions involving homeowners associations in Maryland. This guide provides clear, step-by-step instructions on how to accurately complete this form online, ensuring compliance with the Maryland Homeowners Association Act.

Follow the steps to accurately complete the form online.

1. Begin by pressing the ‘Get Form’ button to access the document, allowing you to view and complete it in the online format.
2. Enter the date of the addendum at the top of the form. This date should be the same as the date of the contract of sale.
3. Fill in the names of the buyer(s) and seller(s) in the designated fields. Make sure to provide the full names as they appear in official documents.
4. Provide the property address in the specified area clearly. Ensure that all details match exactly to avoid discrepancies.
5. Complete section (1) by stating the name of the development where the lot is located.
6. In section (2), input the current monthly fees or assessments set by the homeowners association, along with how often these are payable.
7. Enter the total amount of fees, assessments, and other charges imposed during the previous fiscal year in the appropriate field.
8. Indicate whether the fees are either delinquent or not by marking the relevant box and provide explanations if any are delinquent.
9. For section (3), either provide the name, address, and telephone number of the management agent or indicate that no agent is presently authorized.
10. In section (4), disclose any knowledge of unsatisfied judgments or pending lawsuits against the homeowners association and initial accordingly.
11. Section (5) requires you to check off any relevant documents that are being attached, such as articles of incorporation or bylaws.
12. Finalize the form by having the seller review and sign, dating their acknowledgment of the information provided.
13. Lastly, ensure that the buyer also signs and dates the form to confirm they have received all disclosures.

Complete your forms online today to ensure compliance and accuracy in your transactions.