Washington HB1500 regulates resale certificates for units in common interest communities, detailing required disclosures and fees.

Washington HB1500 mandates that unit owners in common interest communities provide a resale certificate to purchasers before contract execution. The certificate must include specific disclosures such as financial obligations, governing documents, and any violations of environmental or building codes. The association may charge up to $100 for rush service or updating the certificate. Purchasers can cancel contracts within five days of receiving the certificate if provided less than five days before contract execution.

Washington HB1500 regulates resale certificates for units in common interest communities, detailing required disclosures and fees.

Washington HB1500 mandates that unit owners in common interest communities provide a resale certificate to purchasers before contract execution. The certificate must include specific disclosures such as financial obligations, governing documents, and any violations of environmental or building codes. The association may charge up to $100 for rush service or updating the certificate. Purchasers can cancel contracts within five days of receiving the certificate if provided less than five days before contract execution.