Sample Homeowner Association Resale Certificate printable pdf download

This form is drafted as an example of a resale certificate. Do not use this form without

first having it reviewed by counsel. Remove this notice before use.

SAMPLE HOMEOWNER ASSOCIATION RESALE CERTIFICATE

This certificate is provided pursuant to the provisions of Section 5407 of the Pennsylvania

Uniform Planned Communities Act. The (name of Planned Community or Association (hereinafter

"Association"), represents the following with respect to (address of unit to be sold) , (hereinafter

"Unit").

1. The sale of the Unit is not subject to any right of first refusal or any other restraint on the

free alienability of the Unit known to the Association unless otherwise stated

here:_______________________________________.

2. The regular monthly common expense assessment of the Unit, is ________ payable in

monthly/annual installments of ________

due on or before ___________________.

As of the date of this certificate, there are no unpaid common expenses or special assessments

currently due and payable by the Unit owner except as otherwise stated here:

______________________________________________.

As of the date of this certificate, there are no surplus fund credits applicable to the Unit except as

otherwise stated here: ________________________________________________.

3. No other fees are presently due to the Association by the Unit owner(s) except as

otherwise stated here: _____________________________.

The Unit owner is personally responsible for all County, Township, School real estate taxes on

the Unit as well as all utilities furnished to the individual unit.

4. As of the date of this certificate no capital expenditures are proposed by the Association

for the current or the two next succeeding fiscal years unless otherwise stated here:

_______________________________________.

5. The Association has $________ reserved for capital expenses. Those reserves have not

been specifically designated by the Association for specified projects unless otherwise

stated here: _____________________________.

Amount $ ________ Project:________

6. The most recent regularly prepared balance and income and expense statement, if any,

of the Association is attached hereto and incorporated herein by reference.

7. The current operating budget of the Association is attached hereto and incorporated

herein by reference.

8. At present, there exist no judgments against the Association known to it, nor are there

any pending law sits known to the Association, to which it is a party unless otherwise

stated here: ___________________________________.

9. Pursuant to the requirements of the Uniform Planned Community Act, the Association

maintains public liability insurance of the common facilities in the amount of

____________ . Such insurance is maintained with (name of insurance company).

10. The Executive Board of the Association has no knowledge of any alterations or

improvements to the above referenced Unit or the limited common facilities assigned

thereto that are in violation of any provision of the Declaration unless otherwise stated

here: ________________________________________.

Sample Homeowner Association Resale Certificate