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RESALE CERTIFICATE

Pursuant to AS 34.08.590, a Resale Certificate is required for a sale of property within many of the Associations we manage.  Buyers are allowed 5 days to review per statute.

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The Resale Certificate allows prospective buyers the opportunity to evaluate the financial stability and overall management of the Association.  Here is a partial list of what a Resale Certificate contains and why it is important to review it carefully:

• Amount of dues and how often assessed;

• Pending special assessments, unsatisfied judgments or pending litigation, if any;

• Financial reports and meeting minutes;

• Pending capital expenditures in excess of $3,000 for the current and the next two fiscal years;

• Insurance coverage: Directors & Officers coverage and/or General Liability coverage for the Association, if any;

• A copy of all governing documents providing insight as to what an owner can or cannot do in the Association.

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The Resale Certificate order form should be filled out and emailed or faxed to us for processing, if required.  We request 10 days to process.