Subdivision Information, Including Resale Certificate For Property Subject To Mandatory Membership In A Property Owners' Association

Subdivision Information, Including Resale Certificate For Property Subject To Mandatory Membership In A Property Owners' Association - Texas

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)

06-30-08

SUBDIVISION INFORMATION, INCLUDING

RESALE CERTIFICATE FOR PROPERTY SUBJECT TO

MANDATORY MEMBERSHIP IN A PROPERTY OWNERS' ASSOCIATION

(Chapter 207, Texas Property Code)

(NOT FOR USE WITH CONDOMINIUMS)

Resale Certificate concerning the Property (including any common areas assigned to the Property) located

(Street Address), City

, County of

, Texas, prepared

by the property owners’ association (Association).

The Property

is not subject to a right of first refusal or other restraint contained in the

restrictions or restrictive covenants that restricts the owner’s right to transfer the owner’s property.

The current regular assessment for the Property is $

per

C. A special assessment for the Property due after the date the resale certificate was prepared is

payable as follows

D. The total of all amounts due and unpaid to the Association that are attributable to the Property is

E. The

capital

expenditures

approved

the

Association

for

its

current

fiscal

year

are

F. The amount of reserves for capital expenditures is $

G. Unsatisfied judgments against the Association total $

H. There

are

are not any suits pending against the Association. The style and cause number of

each pending suit is:

The

Association's

board

has actual knowledge

has no actual knowledge of conditions on the

Property in violation of the restrictions applying to the subdivision or the bylaws or rules of the

Association. Known violations are:

J. The Association

has

has not received notice from any governmental authority regarding health or

building code violations with respect to the Property or any common areas or common facilities owned or

leased by the Association. A summary or copy of each notice is attached.

K. The Association fees resulting from the transfer of the Property are $

payable to

TREC NO. 37-3

(TAR 1923) 06-30-08

Page 1 of 2

David Winans Real Estate 17734 Preston Road, Ste. 100 Dallas, TX 75252

Phone:

972-774-9888

Fax:

972-774-9191

David Winans Real Estate

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Subdivision Information, Including Resale Certificate For Property Subject To Mandatory Membership In A Property Owners' Association - Texas

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