A Rhode Island purchase and sale agreement for a condominium unit in Newport includes a clause stating the sale is contingent upon the buyer's review and approval of the condominium association's resale certificate. Under R.I. Gen. Laws § 34-36.1, who is responsible for obtaining and delivering the resale certificate to the buyer?
Correct Answer
A) The seller is responsible for obtaining the resale certificate from the condominium association and delivering it to the buyer
Under R.I. Gen. Laws § 34-36.1 (Rhode Island Condominium Act), when a condominium unit is being resold, the seller is responsible for obtaining the resale certificate from the condominium association and delivering it to the buyer. The resale certificate contains important information about the association's financial condition, pending assessments, rules, and other material facts. This is the seller's obligation, not the buyer's agent's or the broker's.
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