Maryland HOA and Condo Resale Certificate: Fees, Deadlines, and How to Order

This resale package carries the certificate the council of unit owners furnishes under Section 11-135 of the Maryland Condominium Act within 20 days after the unit owner's written request and the council's receipt of the fee. That fee may not exceed the council's cost of preparing the certificate, up to the maximum allowed by law, which is $250 in the statute and is adjusted every two years by the Maryland Department of Housing and Community Development, plus an expedite fee of not more than $100 for delivery within 7 days. The unit owner must furnish the purchaser, not later than 15 days before closing, the declaration, the bylaws, the rules, and this certificate, together with the owner's own statements about the unit and the notice of the owner's responsibility for the council's property insurance deductible. A purchaser is not liable for any unpaid assessment or fee greater than the amount set forth in this certificate, and the unit owner is not liable to the purchaser for erroneous information the council supplied or for the council's delay in supplying it. The purchaser may, at any time within 7 days after receiving all of the required information, rescind the contract of sale in writing, without stating a reason and without liability, and is entitled to the return of any deposit. That right to rescind may not be waived, and it ends at closing. Copies of the insurance policies described in this certificate are available for inspection at the location stated in this certificate, and the terms of each policy control over any description of them here. The information in this document is current as of its issue date.

This resale package carries the information the Maryland Homeowners Association Act requires the seller to give the purchaser (the "MHAA information" described in Section 11B-106(b)) at or before the contract of sale, or within 20 calendar days after entering into the contract. The homeowners association furnishes that information within 20 days after a lot owner's written request and the association's receipt of the fee. The fee may not exceed the association's cost of providing the information, up to the maximum allowed by law, which is $250 in the statute and is adjusted every two years by the Maryland Department of Housing and Community Development, plus an expedite fee of not more than $100 for delivery within 7 days. If the purchaser did not receive all of the MHAA information at least 5 calendar days before entering into the contract, the purchaser may cancel the contract in writing, without stating a reason, within 5 calendar days after receiving all of it. Separately, if the seller gives notice of a change in the mandatory fees or payments on the lot exceeding 10 percent of the amount previously stated, or copies of any other substantial and material amendment to the MHAA information that adversely affects the purchaser, the purchaser may cancel the contract in writing within 3 calendar days after receiving that notice. On a proper cancellation the purchaser is entitled to the return of any deposit, except that the seller may retain the cost of reproducing the MHAA information, or $100, whichever is less, if the purchaser does not return the information. The information in this document is current as of its issue date.