Condominium Resale Certificate Form Wa 2024

Condominium Resale Certificate Form Wa: What You Should Know

The seller must obtain the resale certificate from the seller's agent. R.C.W. 64.34.425 Conduct of a condominium resale process. Before completing the condominium resale process: A copy of all documents necessary to be included on the resale certificate; and A statement from the person buying or selling a condominium written when the buying or selling of a condominium has been completed, signed by the buyer or seller who has received the resale certificate. Each of these signed statements is a “Notice.” Each of these statements must be given to the person buying or selling a condominium at the same time it is given to the board of directors. The condominium resale process must include an in-person meeting between each party. At the meeting, the seller and buyer will: Identify themselves to each other and sign the same notice; The buyer must submit the contract and the resale certificate; The seller must submit a deposit and receive a receipt; the seller and buyer must each provide a signed statement of the purchase and sale price and a written statement of the terms of the contract. The seller and buyer must also enter into the condominium's bylaws and bylaws regarding the sale. After the bylaws and bylaws are signed and the contract is received, the seller has 30 days to deliver the condominium to the transfer agent, at which time the resale certificate will be provided, which is then presented to the transfer agent. During that 30-day window, the buyer does not have to submit the contract.  If any of  (a, ) the parties is in default with respect to any material fact, (i) the seller is required to deliver the property to the transfer agent upon the completion of the transaction, or (ii) the seller has failed to execute contracts after they would have been executed by the seller, and in either case the buyer receives the property from the transfer agent with payment in full, the transaction becomes consummated upon the delivery of the property, notwithstanding the default, and the parties become entitled to the benefit and protection of this section. If the agreement specifies that the price is in money (which is required to be paid to the transfer agent), the payment shall be considered when calculating the amount of the payment to the transfer agent.

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