What is a resale certificate?
The resale certificate is a disclosure by the Association of the amount of the assessment and whether the Association may foreclose to collect the assessment. It further notifies the buyer whether the seller of the property has (or has not) paid all assessments that are due and whether there are any violations affecting the property being sold.
Certain companies may be exempt from paying taxes on the rental or purchase of equipment. This exemption is documented with a resale or tax exemption certificate. If you are tax exempt in this way, please complete the Resale Certificate form found in your account application, and/or provide us with a copy of your certificate. In the states of Florida, Texas and Louisiana, a copy of the resale certificate is required due to expiration dates or different exemptions for rentals and sales.
The resale certificate is a disclosure by the Association of the amount of the assessment and whether the Association may foreclose to collect the assessment. It further notifies the buyer whether the seller of the property has (or has not) paid all assessments that are due and whether there are any violations affecting the real property being sold.
A resale certificate is a disclosure by the Association stating the amount of assessment owed to the Association, and any current violations on the property. The disclosure notifies the new buyer of the potential money due to the association and any outstanding violations that must be corrected prior to the purchase of the home. A resale certificate also provides the new owner with the governing documents, insurance coverage for the association and notifies the buyer of any potential claim or suit filed against the association. Where do I get a Resale Certificate or Transfer of Title Paperwork? You may order a resale certificate via email at resales@themacgroupco.com or you may complete the resale request document and mail, fax or email the form back to MAC Group upon completion. What do my association fees cover? Each community is set up differently, but bound by the same laws to maintain the common areas. Depending on the community features and common areas, the fees cover some of th
A resale certificate is a document a registered business uses when it purchases goods it intends to resell. This document serves as a written statement that the business owners and operators won’t use the goods purchased for personal use instead of selling them. It is also intended to show that the business will not use the goods before reselling them. It may also be used when purchasing certain services for resale. Without a resale certificate, a business or individual is typically required to pay sales tax. With a resale certificate in hand, however, a business can buy wholesale goods and some services without paying the sales tax typically required in the area. To purchase goods and services without paying the normal sales tax, a business must typically present a resale certificate to the seller before purchasing the items or within a reasonable amount of time thereafter. The seller is typically required to keep a copy of the certificate on hand for a period of time–often years. Th
