Get Ky Real Estate Commission Form 404 2019-2026

Filling out the KY Real Estate Commission Form 404 is an essential step for those involved in condominium transactions in Kentucky. This guide provides a clear, professional walkthrough to help you complete the form accurately and efficiently online.

Follow the steps to complete the form online.

1. Click the ‘Get Form’ button to obtain the form and open it in an online editor.
2. Begin by entering the details of the condominium unit, such as the unit number, building name, project name, and the address including city and county.
3. Indicate whether the declaration contains a right of first refusal or other restrictions on transferring the unit by checking the appropriate box.
4. Fill in the monthly common expense assessment amount and the timeframe for this assessment.
5. State if there are any unpaid common expenses, emergency assessments, or special assessments and specify the total unpaid amounts and their purposes.
6. List any other fee amounts payable by the seller and their purposes if applicable.
7. Document the anticipated capital expenditures for the current fiscal year and the next two fiscal years.
8. Include the amount designated for specific capital expenditures from reserves.
9. Attach the current operating budget, balance sheets, and income/expense statements for the association.
10. Provide the date for the most current financial report prepared for the association.
11. Indicate the amount of any unsatisfied judgments against the association.
12. Specify whether there are any pending suits against the association and detail their status if applicable.
13. Note if the association maintains insurance coverage and attach the relevant statement or certificate.
14. Clarify whether a portion of the condominium is on a leasehold estate and provide necessary details about lease terms.
15. Indicate if there are any pet or rental restrictions enforced by the association.
16. Complete the contact information for the association's authorized agent.
17. Ensure the form is initialed for identification by both the buyer(s) and seller(s).
18. After completing the form, save your changes, and you may choose to download, print, or share the form as needed.

Submit your completed documents online to ensure compliance and smooth processing.