Resale Certificate
[Tex. Prop. Code § 82.157]
Basic Information
Date:
Unit:
Condominium:
Association:
Association’s Address:
Managing agent of Condominium:
Managing agent’s Address:
Notice
The Unit [is/is not] subject to a right of first refusal or other restraint that restricts the Owner’s right to transfer the Unit.
|
Current regular assessment: |
$[amount] per [time period, e.g., month] |
|
Unpaid regular assessments andspecial assessments attributableto the Unit: |
$[amount] |
|
Other unpaid fees or amountspayable to the Associationby the Owner: |
$[amount] |
|
Capital expenditures approved by Association for current fiscal year: |
$[amount] |
|
Reserves for capital expenditures and any portions of the reserves dedicated for specified projects: |
$[amount] |
|
Unsatisfied judgments against Association: |
[$[amount] or state “none”] |
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Nature of any pending suits against the Association: |
There [are/are not any] suits pending against the Association. [Include if applicable: The style and cause number of each pending suit are [describe any pending suits].] |
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Insurance coverage provided for the benefit of Unit Owners: |
[describe insurance coverage] |
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Transfer fee(s): |
[describe each fee in detail, including who it is payable to and the amount] |
The Board has [knowledge/no knowledge] that any alterations or improvements to the Unit or the limited common elements assigned to the Unit violate the Declaration, Bylaws, or Association Rules.
The Association [has/has not] received notice from any governmental authority regarding health or building code violations with respect to the Unit, the limited common elements assigned to the Unit, or any other portion of the Condominium. [Include if applicable: A summary or copy of each notice is attached.]
|
Include the following if applicable. |
The remaining term of any leasehold estate that affects the condominium is [description of remaining term], and the provisions governing an extension or renewal of the lease are as follows: [Describe provisions.]
|
Continue with the following. |
A copy of the following documents is attached:
1.Current Operating Budget
2.Current Balance Sheet
3.Declaration
4.Rules
5.Bylaws
6.Articles of Incorporation/Certificate of Formation
[Name of association]
By
[Name and title]