What is a resale certificate in real estate? – David Reecher
A Resale Certificate is a set of documents that a condominium seller provides to a prospective buyer, usually after mutual acceptance. The certificate typically includes the homeowners association budget, the Covenants, Conditions, and Restrictions (CC&Rs) for the building, and a copy of the minutes of the association’s last meeting. In some states, resale certificates are required by law and buyers have the right to rescind their offer for a limited time period after receiving the certificate.