Subdivision Information Including Resale Certificate for Property Subject to Membership in a Property Owners Association Download Free Print-Only PDF OR Purchase Interactive PDF Version of this Form
Subdivision Information Including Resale Certificate for Property Subject to Membership in a Property Owners Association Form. This is a Texas form and can be use in Texas Real Estate Commission Statewide.
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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)
06-30-08
EQUAL HOUSING
OPPORTUNITY
SUBDIVISION INFORMATION, INCLUDING
RESALE CERTIFICATE FOR PROPERTY SUBJECT TO
MANDATORY MEMBERSHIP IN A PROPERTY OWNERS' ASSOCIATION
(Chapter 207, Texas Property Code)
(NOT FOR USE WITH CONDOMINIUMS)
Resale Certificate concerning the Property (including any common areas assigned to the Property) located
(Street Address), City
at
of
, County of
, Texas, prepared
by the property owners’ association (Association).
A. The Property
is
is not subject to a right of first refusal or other restraint contained in the
restrictions or restrictive covenants that restricts the owner’s right to transfer the owner’s property.
B. The current regular assessment for the Property is $
per
.
C. A special assessment for the Property due after the date the resale certificate was prepared is
$
payable as follows
.
D. The total of all amounts due and unpaid to the Association that are attributable to the Property is
$
.
E. The
$
capital
expenditures
.
approved
by
the
Association
for
F. The amount of reserves for capital expenditures is $
G. Unsatisfied judgments against the Association total $
H. There
are
its
current
fiscal
year
are
.
.
are not any suits pending against the Association. The style and cause number of
each pending suit is:
.
I. The Association’s board
has actual knowledge
has no actual knowledge of conditions on the
Property in violation of the restrictions applying to the subdivision or the bylaws or rules of the
Association. Known violations are:
.
J. The Association
has
has not received notice from any governmental authority regarding health or
building code violations with respect to the Property or any common areas or common facilities owned or
leased by the Association. A summary or copy of each notice is attached.
K. The Association fees resulting from the transfer of the Property are $
payable to
,
.
TREC NO. 37-3
Subdivision Information Concerning
Page 2 of 2
(Address of Property)
L. The Association’s managing agent is
06-30-08
(Name of Agent)
(Mailing Address)
(Telephone Number)
(Fax Number)
(E-mail Address)
do
M. The restrictions
pay assessments.
do not allow foreclosure of the Association’s lien on the Property for failure to
REQUIRED ATTACHMENTS:
1.
Restrictions
5.
Current Operating Budget
2.
Rules
6.
3.
Bylaws
Certificate of Insurance concerning Property
and Liability Insurance for Common Areas
and Facilities
4.
Current Balance Sheet
7.
Any Governmental Notices of Health or
Housing Code Violations
NOTICE: This Subdivision Information may change at any time.
Name of Association
By:
Print Name:
Title:
Date:
Mailing Address:
E-mail:
This form has been approved by the Texas Real Estate commission for use only with similarly approved or promulgated contract forms.
No representation is made as to the legal validity or adequacy of any provision in any specific transaction. Texas Real Estate Commission,
P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us) TREC No. 37-3. This form
replaces TREC No. 37-2.
TREC NO. 37-3