What is a condominium resale certificate? When is a condominium resale certificate required prior to the closing of a condominium?
A condominium resale certificate is prepared by the condominium association upon the request of a unit owner who is selling his or her condominium unit. The condominium resale certificate contains important information and must be drafted in accordance with the Rhode Island Condominium Act. A condominium resale certificate is required for all sales when a public offering statement is not required. However, a condominium resale certificate is not required if a public offering statement is exempt as explained in the previous question. Article Source: http://EzineArticles.com/?expert=Richard_Palumbo Back to the top.
