If you’ve purchased a condominium you might have reviewed what’s called a “Resale Certificate.” What the heck is a Resale Certificate and why should I care?
A Resale Certificate is the homeowner’s association’s description of rules, regulations, financials, meeting minutes and articles of incorporation. In it, you’ll find out if your dog Fido is allowed to move in with you or not. You’ll find out if you’re allowed to rent out your condominium in the future and what rules pertain to rentals. You might see other rules like no barbecues allowed on the decks, no changing oil or washing your car in the parking lot and no installing hardwoods floors. If you don’t follow these rules you’ll be subject to fines or ultimately be asked by the association to leave the community.