A resale certificate is a document that a unit owner must provide to the purchaser before they can sell their condominium unit. Any unit owner who wishes to sell his or her unit needs to be aware of the resale certificate requirements. These requirements apply to all Washington condominiums. The resale certificate must contain certain…
Tag Archive: resale certificate
Change in Resale Certificate Law
Whenever a condominium unit is sold in Washington State, a resale certificate must be prepared disclosing a long list of information which you will find in RCW 64.34.425. The required facts include (but are not limited to) information regarding the amount of the monthly assessments, any upcoming special assessments, the association’s annual financial statement, and…
Resale Certificates – What to Disclose
Sometimes our clients ask us: what are the legal requirements for language used in resale certificates regarding damages where repairs are needed? Our basic recommendation is that it is always better to disclose something and have a sale fall through than to risk a lawsuit against the property manager and/or the association for failure to…
Tag Archive: resale certificate
Resale Certificates
A resale certificate is a document that a unit owner must provide to the purchaser before they can sell their condominium unit. Any unit owner who wishes to sell his or her unit needs to be aware of the resale certificate requirements. These requirements apply to all Washington condominiums. The resale certificate must contain certain…
Change in Resale Certificate Law
Whenever a condominium unit is sold in Washington State, a resale certificate must be prepared disclosing a long list of information which you will find in RCW 64.34.425. The required facts include (but are not limited to) information regarding the amount of the monthly assessments, any upcoming special assessments, the association’s annual financial statement, and…
Resale Certificates – What to Disclose
Sometimes our clients ask us: what are the legal requirements for language used in resale certificates regarding damages where repairs are needed? Our basic recommendation is that it is always better to disclose something and have a sale fall through than to risk a lawsuit against the property manager and/or the association for failure to…