Get Hoa Resale Certificate Example

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.

By Texas law, they have 10 business days (usually 14 calendar days) to deliver the resale certificate and documents once the order is placed and payment is received. There is no restriction on rush or demand fees.

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.

By Texas law, they have 10 business days (usually 14 calendar days) to deliver the resale certificate and documents once the order is placed and payment is received. There is no restriction on rush or demand fees.

All fees are paid at closing, and can be paid for by either the buyer or seller. Since the HOA's property management company handles the accounts for the association, it will complete the certificate as a service to its clients.

A condominium is generally defined as a system of separate ownership of individual units in multi-unit projects.

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.

Senate Bill 1588: HOA Resale Certificate Fees Places a cap of $375 on what a homeowner's association can charge for a Resale Certificate. Limits the fee for an update to $75.