"Condominium Resale Certificate Form - Missouri Association of Realtors" - Missouri

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Reference (e.g., Seller & Buyer)
Condominium Resale Certificate
(To be furnished by unit owner to Buyer before execution of any contract for sale
or before conveyance of a unit)
This Condominium Resale Certificate concerning Condominium Unit __________, (the “Unit”) in Building
1
__________, of __________
, a condominium project, located
2
at _______________________________________________________________________________ (Address),
3
City of ______________________, _____________________ County, Missouri, is provided on behalf of the
4
condominium owners association (the “Association”) by the Association’s governing body (the “Board”).
5
A. The Association
does
does not have a right of first refusal or other restraint on the free alienability of the
6
Unit. If a right of first refusal or other restraint on the free alienability exists, see section(s) _________________
7
of the declaration of condominium applicable to the Unit (the “Declaration”).
8
B. The monthly common expense assessment for the Unit is $ __________ per month. The Association
9
has
10
has not approved an increase in such assessment. If an increase has been approved, the new assessment
11
will be $__________ per month and the effective date will be
_____, 20____.
C. There
12
is
is not a common expense or special assessment due and unpaid by the current Unit owner(s)
13
to the Association. If so, the amount of any unpaid common expense or special assessment currently due and
14
payable is $__________ and is for
_____.
D. Other fees
are
are not payable by the Unit owners. If so, the amount is $_________________ and is for
15
_______________________________________ and is payable to
.
16
E. There
are
are not any capital expenditures anticipated by the Association for the current and two next
17
succeeding fiscal years. If so, the amount is $__________ for the current year, and $ __________ for the two
18
next succeeding fiscal years, and is for
.
19
F. The amount of reserves for capital expenditures are $_______________ as of _________________, 20____,
20
21
and $_________________________ of the reserves has been allocated by the Association for specified projects.
G. The most recent regularly prepared balance sheet and income and expense statement, if any, of the
22
23
Association are attached.
H. The current operating budget of the Association is attached.
24
I.
There
are
are no unsatisfied judgements against the Association. If so, the nature and amount of the
25
unsatisfied judgement is ______________________________________________________ and the status of
26
27
any pending suit is
.
J. The Association
28
has
has not purchased and provided insurance coverage for the benefit of the Unit
29
owners. If so, a statement describing the coverage is attached.
K. The condominium project
30
is
is not on leased land. If so, the remaining term is _______________ years.
31
A portion of the common element facilities
is
is not leased to others.
If so, the remaining term is
32
__________
. The provisions governing any extension or renewal of any
leasehold estate affecting the condominium project are attached.
33
L. The Board
has
has no knowledge that any alterations or improvements to the Unit, or to the limited
34
common element assigned to the Unit, violate any provisions of the Declaration. If so, they are
35
36
CND-2000
Page 1 of 2
Reference (e.g., Seller & Buyer)
Condominium Resale Certificate
(To be furnished by unit owner to Buyer before execution of any contract for sale
or before conveyance of a unit)
This Condominium Resale Certificate concerning Condominium Unit __________, (the “Unit”) in Building
1
__________, of __________
, a condominium project, located
2
at _______________________________________________________________________________ (Address),
3
City of ______________________, _____________________ County, Missouri, is provided on behalf of the
4
condominium owners association (the “Association”) by the Association’s governing body (the “Board”).
5
A. The Association
does
does not have a right of first refusal or other restraint on the free alienability of the
6
Unit. If a right of first refusal or other restraint on the free alienability exists, see section(s) _________________
7
of the declaration of condominium applicable to the Unit (the “Declaration”).
8
B. The monthly common expense assessment for the Unit is $ __________ per month. The Association
9
has
10
has not approved an increase in such assessment. If an increase has been approved, the new assessment
11
will be $__________ per month and the effective date will be
_____, 20____.
C. There
12
is
is not a common expense or special assessment due and unpaid by the current Unit owner(s)
13
to the Association. If so, the amount of any unpaid common expense or special assessment currently due and
14
payable is $__________ and is for
_____.
D. Other fees
are
are not payable by the Unit owners. If so, the amount is $_________________ and is for
15
_______________________________________ and is payable to
.
16
E. There
are
are not any capital expenditures anticipated by the Association for the current and two next
17
succeeding fiscal years. If so, the amount is $__________ for the current year, and $ __________ for the two
18
next succeeding fiscal years, and is for
.
19
F. The amount of reserves for capital expenditures are $_______________ as of _________________, 20____,
20
21
and $_________________________ of the reserves has been allocated by the Association for specified projects.
G. The most recent regularly prepared balance sheet and income and expense statement, if any, of the
22
23
Association are attached.
H. The current operating budget of the Association is attached.
24
I.
There
are
are no unsatisfied judgements against the Association. If so, the nature and amount of the
25
unsatisfied judgement is ______________________________________________________ and the status of
26
27
any pending suit is
.
J. The Association
28
has
has not purchased and provided insurance coverage for the benefit of the Unit
29
owners. If so, a statement describing the coverage is attached.
K. The condominium project
30
is
is not on leased land. If so, the remaining term is _______________ years.
31
A portion of the common element facilities
is
is not leased to others.
If so, the remaining term is
32
__________
. The provisions governing any extension or renewal of any
leasehold estate affecting the condominium project are attached.
33
L. The Board
has
has no knowledge that any alterations or improvements to the Unit, or to the limited
34
common element assigned to the Unit, violate any provisions of the Declaration. If so, they are
35
36
CND-2000
Page 1 of 2
Reference (e.g., Seller & Buyer)
REQUIRED ATTACHMENTS:
37
1.
A copy of the Declaration
5.
Operating Budget
38
(other than the plats and plans)
39
6.
Insurance Statement
2.
The Bylaws
40
7.
Leasehold Statement
3.
The Rules or Regulations
41
4.
Most Recent Balance Sheet and Income
42
and Expense Statement, if any, of the
43
Association.
44
Information hereby provided and included by:
The undersigned Buyer(s) acknowledges receipt
45
46
hereof from Unit Owner:
Date
___, 20
(Name of Condominium Owners Association)
47
By
Buyer
48
Signed
Buyer
49
Title
50
51
52
(mailing address)
Date
, 20
53
Phone Number
54
Approved by legal counsel for use exclusively by members of the Missouri Association of Realtors, P.O. Box 1327, Columbia, Missouri, 65205.
No warranty is made or implied as to the legal validity or adequacy of this Certificate, or that it complies in every respect with the law or that its
use is appropriate for all situations. Local law, customs and practice, and differing circumstances in each transaction, may each dictate that
amendments to this Certificate be made. Last revised 11/10/06.
©1984 Missouri Association of Realtors
CND-2000
Page 2 of 2
Page of 2