This form is a condominium certificate concerning a condominium unit in a particular building described in the contract. The contract contains sections which discuss the right of first refusal, capital expenditures approved by the condominium owners association, and the absence or presence of a common expense or special assessment due and unpaid by the seller to the association. The certificate also requires the following attachments: operating budget and insurance summary.
San Antonio Texas Condominium Resale Certificate
State:
Texas
City:
San Antonio
Control #:
TX-1073
Format:
Word;
Rich Text
Instant download
This website is not affiliated with any governmental entity
Public form
Description
How to fill out Texas Condominium Resale Certificate?
Regardless of one’s social or professional rank, filling out legal documents is a regrettable requirement in the contemporary world.
Frequently, it is nearly impossible for individuals lacking legal education to draft such documents from scratch, primarily due to the intricate language and legal subtleties they encompass.
This is where US Legal Forms can be a lifesaver.
Ensure the template you have selected is appropriate for your area because the regulations of one state or county do not apply to another.
Review the document and examine a brief overview (if available) of the scenarios the form can be applied to.
- Our platform provides a vast repository with over 85,000 ready-to-use state-specific documents applicable to virtually any legal situation.
- US Legal Forms also proves to be a valuable resource for associates or legal advisers seeking to save time by using our DIY templates.
- Whether you need the San Antonio Texas Condominium Resale Certificate or any other documentation applicable in your state or county, with US Legal Forms, everything is accessible.
- Here’s how to quickly obtain the San Antonio Texas Condominium Resale Certificate using our reliable service.
- If you are a current subscriber, you may proceed to Log In to your account to acquire the relevant document.
- However, if you are new to our library, ensure you follow these steps before downloading the San Antonio Texas Condominium Resale Certificate.
Form popularity
FAQ
The resale certificate provides specific information about the home you are buying and its standing in the community association. It includes any past due payments to the association, pending violations, unpaid violations, unpaid special assessments and fees that are due upon closing.
Texas HOA laws require a resale certificate for real estate closings. It is important to make sure you received the complete package in a timely manner. Every HOA is different, however, and it may be difficult to contact them quickly.
Do I need to submit a resale certificate each time I make a purchase? Yes, except that if a customer purchases exclusively for resale, a seller can accept a blanket resale certificate. The certificate should state that all purchases will be resold in the regular course of business.
The cost for obtaining a resale certificate in Texas is capped at $375. Since it is the seller's responsibility to provide it, the seller typically pays this expense at the time it is ordered. HOA management companies usually expect payment upfront before they will process an order.
The resale certificate gives specific information about the property that is being sold and where it stands with the HOA; this incudes disclosing any past-due payments or unpaid violations, any pending violations, and all fees that are due upon closing.
In some states like New Jersey, Florida, and New York, the seller will receive a request from the buyer or the buyer's agent for the resale package. In California, though, sellers shoulder the full responsibility of providing the resale package and all of its contents (Civil Code Section 4525).
The cost for obtaining a resale certificate in Texas is capped at $375. Since it is the seller's responsibility to provide it, the seller typically pays this expense at the time it is ordered. HOA management companies usually expect payment upfront before they will process an order.
Standard Contract Form TREC No. 30-1 is promulgated for use in the resale of a residential condominium unit where there is all cash or seller financing, an assumption of an existing loan, or a conventional loan.
Texas HOA laws require a resale certificate for real estate closings. It is important to make sure you received the complete package in a timely manner. Every HOA is different, however, and it may be difficult to contact them quickly.