COMMON INTEREST COMMUNITY
RESALE DISCLOSURE CERTIFICATE
Name of Common Interest Community: ..........................................................................................
Name of Association: ..........................................................................................
Address of Association: ..........................................................................................
Unit Number(s) (include principal unit and any garage, storage, or other auxiliary units):
Common elements licensed under Minnesota Statutes, section 515B.2-109(e):
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The following information is furnished by the association named above according to Minnesota Statutes, section 515B.4-107.
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a. | Annual assessment installments: | $ ..................... | Due: ............................................................ | ||
b. | Special assessment installments: | $ ..................... | Due: .............................................................. | ||
c. | Unpaid assessments, fines, or other charges: | ||||
(1) | Annual | $ ................... | |||
(2) | Special | $ ................... | |||
(3) | Fines | $ ................... | |||
(4) | Other Charges | $ ...................... | |||
d. | The association has/has not (strike one) approved a plan for levying certain common expense assessments against fewer than all the units according to Minnesota Statutes, section 515B.3-115, subsection (e). If a plan is approved, a description of the plan is attached to this certificate. |
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The association has the following amounts in its reserves for replacement of those components:
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The replacement of the following components is funded by assessments levied only against the unit or units served by the component, pursuant to Minnesota Statutes, section 515B.3-115 (e)(1) or (2). ..........................................................................................
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a. | The most recent regularly prepared balance sheet and income and expense statement of the association. |
b. | The current budget of the association. |
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..... Ceiling or wall finishing materials
..... Finished flooring
..... Cabinetry
..... Finished millwork
..... Electrical, heating, ventilating, and air conditioning equipment, or plumbing fixtures serving a single unit
..... Built-in appliances
..... Improvements and betterments as originally constructed
..... Additional improvements and betterments installed by unit owners
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I hereby certify that the foregoing information and statements are true and correct as of ..........................................................................................
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(Date) | |
By: .......................................................................................... | |
Title: ....................................................................................... | |
(Association representative) | |
Address: ................................................................................ | |
Phone Number: .................................................................... |
RECEIPT
In addition to the foregoing information furnished by the association, the unit owner is obligated to furnish to the purchaser before execution of any purchase agreement for a unit or otherwise before conveyance, copies of the following documents relating to the association or to the master association (as applicable): the declaration (other than any common interest community plat), articles of incorporation, bylaws, rules and regulations (if any), and any amendments to these documents. Receipt of the foregoing documents, and the resale disclosure certificate, is acknowledged by the undersigned buyer(s).
Dated: ................................................................. | ................................................................. |
(Buyer) | |
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(Buyer) |
Minn. Stat. § 515B.4-107
1993 c 222 art 4 s 7; 1999 c 11 art 2 s 28; 2000 c 450 s 5; 2005 c 121 s 38; 2010 c 267 art 4 s 6