Under Texas Property Code Chapter 207, an HOA must provide a resale certificate to a property owner upon request. What information does the resale certificate typically contain?
Correct Answer
D) Outstanding dues, assessments, and any violations or fines against the property
The resale certificate provides current financial and compliance information about the specific property, including outstanding dues, assessments, violations, and fines. This helps the buyer understand the property's status within the HOA.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
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