Condominium or Planned Community. The default language in this paragraph states that the property is NOT a condominium or part of a planned community, unless one of the two boxes is checked. If the property is a condominium or part of a planned community, check the box for the appropriate Property type.
Condominium or Planned Community. The default language in this paragraph states that the property is NOT a condominium or part of a planned community, unless one of the two boxes is checked. If the property is a condominium or part of a planned community, check the box for the appropriate Property type. Subparagraph (B): Certificate of Resale The Seller should be given a reasonable amount of time to submit the request to the association (the default period is 15 days). It is advisable for the Broker for the Seller to assist in submitting a written request to the association for the certificate of resale and required documents. Note that the association has ten days to deliver the documents, so take that into account when establishing a time frame. The applicable documents should be requested by the Seller as soon as possible so that they can be given to the Buyer shortly after the Agreement is signed. Note: The documents must be delivered directly to the Buyer, not to the Buyer Agent for the clock to start for the review period. It is recommended that the Seller delivers these documents in person and gets confirmation of it in writing (the confirmation can be documented by using the PAR Receipt of Documents form (Form ROD), by certified U.S. mail, or by paid courier service (e.g., FedEx or UPS). (See Paragraph 30)
