Under the Maine Condominium Act, sellers of an existing condominium unit must provide buyers with key documents, including the Condominium Declaration, Bylaws, Rules and Regulations, and a Resale Certificate from the condominium association. The Resale Certificate explains important financial and management details, such as condo fees, reserve funds, budgets, and whether the association must approve the sale.
Sellers are responsible for paying any fees charged by the association to prepare and deliver this certificate. Buyers are given at least five days to review the information and may cancel the contract if it is unacceptable, so providing complete and accurate documents on time helps keep the sale on track.
How Can I Get a Copy of the "Maine Condominium Resale Certificate" form?
We will provide you a copy of any Maine disclosure form for free upon submitting a flat fee MLS listing through our website. We charge a low, one-time flat fee to list your home on the MLS.
Return to Maine Real Estate Disclosure Requirements
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