About Resale Certificates

In Washington state, the seller (the unit owner/homeowner) is generally the party legally responsible for ensuring that the buyer receives the required HOA disclosure package (often called a resale certificate package), not the buyer’s lender, title company, insurer, or real estate agents.

Below is the link for the Certificate/Packet on the website.

https://communityarchives.com

Under RCW 64.90.640, a seller of property in a common-interest community must furnish the purchaser with a resale certificate before the sale contract is executed or before conveyance of the property. The HOA or its management company is required to prepare the certificate upon the owner’s request, but the owner’s duty is to provide the information to the buyer.

The typical division of responsibilities is as follows:

• Seller/Homeowner: Obtain and provide the resale certificate and required HOA documents to the buyer.
• HOA or Management Company: Prepare and deliver the resale certificate to the seller (usually for a fee).
• Listing Agent: Often coordinates the process but is not the party legally obligated by the statute.
• Title/Escrow Company: Usually helps ensure documents are exchanged before closing, but does not bear the statutory duty.
• Lender/Insurance Company: May require certain HOA information for underwriting, but they are not responsible for providing the disclosure package.

The resale certificate contains information such as assessments, unpaid dues, special assessments, reserve information, governing documents, insurance information, pending litigation, and other material facts about the association. Buyers generally have cancellation rights tied to when they receive the certificate.

Request a Resale Certificate from T-Square Property Management

19125 N. Creek Pkwy #208

Bothell, WA  98011

Office: 425-485-1800

Fax: 425-275-4065

info@tsquaremanagement.com