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Subdivision Information Including Resale Certificate for Property 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) 2-10-2014 SUBDIVISION INFORMATION, INCLUDING RESALE CERTIFICATE FOR PROPERTY SUBJECT TO MANDATORY MEMBERSHIP IN A PROPERTY OWNERS' ASSOCIATION EQUAL HOUSING OPPORTUNITY (Chapter 207, Texas Property Code) Resale Certificate concerning the Property (including any common areas assigned to the Property) located at (Street Address), City of , County of , Texas, prepared by the property owners' association (Association). A. The Property is is not subject to a right of first refusal (other than a right of first refusal prohibited by statute) 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 this resale certificate is delivered is $ payable as follows for the following purpose: . 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 its . . current fiscal year are F. The amount of reserves for capital expenditures is $ G. Unsatisfied judgments against the Association total $ H. Other than lawsuits relating to unpaid ad valorem taxes of an individual member of the association, there are are not any suits pending in which the Association is a party. The style and cause . actual knowledge number of each pending suit is: I. The Association's board has 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 amount of any administrative transfer fee charged by the Association for a change of ownership of property in the subdivision is $ . Describe all fees associated with the transfer of ownership (include a description of each fee, to whom each fee is payable and the amount of each fee). American LegalNet, Inc. www.FormsWorkFlow.com TREC NO. 37-4 TREC NO. 37-5 Subdivision Information Concerning (Address of Property) Page 2 of 2 2-10-2014 L. The Association's managing agent is (Name of Agent) (Mailing Address) (Telephone Number) (Fax Number) (E-mail Address) M. The restrictions do do not allow foreclosure of the Association's lien on the Property for failure to pay assessments. REQUIRED ATTACHMENTS: 1. 2. 3. 4. Restrictions Rules Bylaws Current Balance Sheet 7. 5. 6. Current Operating Budget Certificate of Insurance concerning Property and Liability Insurance for Common Areas and Facilities 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, 512-936-3000 (http://www.trec.texas.gov) TREC No. 37-5. This form replaces TREC No. 37-4. American LegalNet, Inc. www.FormsWorkFlow.com TREC NO. 37-4 TREC NO. 37-5