New York
New York Condo Resale Package (Resale Certificate): Fees, Deadlines, and How to Order
No New York statute requires a resale package, but title companies and lenders still ask for one before closing. Associations furnish it under their governing documents.
Free for the resale platform. No contract to sign.
New York Resale Package
Example Tower Condominium Association
Regular assessment
$285.00 monthly
Reserve balance
$124,200.00
Master insurance
Certificate on file
Right of first refusal
No
New York at a glance
- What New York calls it
- Resale Package
- Fee cap
- No fixed dollar cap
- Delivery deadline
- None set by statute
- Buyer's right to cancel
- No statutory right tied to this document
Also called: condominium resale certificate, condo resale certificate, statement of unpaid common charges. If you were told to get a New York resale certificate, or an NY resale certificate as closing agents write it, for a home in an HOA or a condominium, this is that document. It has nothing to do with the sales tax resale certificate a retailer files with the state.
What New York law sets
One set of rules covers New York. Havn applies it to every order in the state.
RPL 339-z
Condominium Act. Applies to condominiums.
- Required by statute
- No. Furnished under the governing documents.
- Fee
- No fixed dollar cap
- Deadline
- None set
New York condo laws on resale documents, in plain words
Each entry links to the official text. Read the statute itself before relying on a summary.
RPL Article 9-B (Condominium Act)
The New York Condominium Act (Real Property Law Article 9-B) is the state's primary statute governing condominiums, covering their creation through a recorded declaration and bylaws, unit ownership and common elements, the unit owners' association and its governance, and common charge assessments together with the association's lien for unpaid charges. It also addresses association records and owner rights, but it does not impose a comprehensive resale disclosure or certificate requirement beyond a statement of unpaid common charges due on a unit. New York has no comparable act for homeowners associations or housing cooperatives; those are instead governed by general not-for-profit or business corporation law together with each community's recorded declaration, bylaws, or proprietary lease.
RPL 339-z (Lien for Common Charges)
This section gives a condominium's board of managers a lien on a unit for its unpaid common charges and entitles a grantor or grantee of a unit to a statement from the manager or board setting out the common charges unpaid against that unit, serving as the association's payoff or estoppel statement on a sale. It also limits the seller's and buyer's liability for common charges that accrued before the sale to the amount shown in that statement.
The notice Havn prints on every New York resale package
Every New York document Havn prepares carries a notice that tells the reader where the document comes from and what New York law says about it. This is the wording, act by act.
RPL 339-zCondominiums
No New York statute requires this resale package; it is furnished under the condominium's declaration and bylaws, and no state law sets its contents, its fee, or a deadline for it. The statement of unpaid common charges it contains is furnished under Real Property Law 339-z, which entitles any grantor or grantee of a unit to a statement from the manager or board of managers setting forth the unpaid common charges accrued against that unit. Neither the grantor nor the grantee is liable for, nor is the unit subject to a lien for, unpaid common charges accrued before the conveyance in excess of the amount set forth in that statement, and upon the sale or conveyance of the unit those unpaid common charges are paid out of the sale proceeds or by the grantee. That protection applies to common charges only. It does not limit other amounts the association may be owed, and it does not extend to common charges that accrue after the conveyance. The information in this package is current as of its issue date.
New York's payoff statement
For a condominium, any grantor or grantee of a unit is entitled to a statement from the manager or board of managers setting forth the amount of the unpaid common charges accrued against the unit; neither is liable for, nor is the unit subject to a lien for, unpaid common charges accrued before the conveyance in excess of the amount stated, and on a sale those charges are paid out of the sale proceeds or by the grantee (Real Property Law 339-z). The section sets no deadline and no fee. No statute governs a cooperative's maintenance statement; it is furnished under the proprietary lease and bylaws.
About Demand LettersNew York resale package: common questions
What is a New York resale package?
It is the package a New York association puts together when a home in the community is sold: what the home owes, plus the association's budget, insurance, and governing documents. No New York statute prescribes it, so its contents follow the governing documents and what the closing asks for.
How much does a New York resale package cost?
New York sets no dollar cap and no statute governs the fee, so the governing documents and the management contract decide it.
How long does a New York association have to provide a resale package?
New York sets no statutory deadline. The closing date sets the pace, and a late document delays the closing.
Is a resale package required in New York?
No New York statute requires a resale package. Buyers, lenders, and title companies still ask for one, and associations furnish it under their governing documents. New York law does require the association to state what a home owes. That rule is described below.
Can a buyer cancel after receiving a New York resale package?
New York law ties no cancellation right to this document. Any right to cancel comes from the purchase contract or from other disclosure laws.
Who pays for the resale package in New York?
Whoever orders it pays the association's fee, usually the seller or the closing agent on the seller's behalf, and the purchase contract can move the cost to the buyer.
What is included in a New York resale package?
What the home owes the association, the fees due at closing, the budget and reserves, the insurance the association carries, pending lawsuits, and the governing documents.
How do I get a resale package in New York?
Ask the association, or its management company if it has one. Many take the request through an online order page and deliver by email. A buyer should ask the seller or the closing agent to order it.
Is this the same as a New York sales tax resale certificate?
No. A sales tax resale certificate is a form a retailer gives a supplier so it can buy goods without paying sales tax. It shares a name and nothing else. This page is about the condo document used when a home is sold.
How New York compares with its neighbors
Management companies that work across state lines meet a different rule on each side. New York: no fixed dollar cap, none set by statute.
New Jersey
Resale Package
No fixed dollar cap
10 days
Not required by statute
Connecticut
Resale Certificate
$185
10 business days
Required by statute
Pennsylvania
Resale Certificate
No fixed dollar cap
10 days
Required by statute
Massachusetts
6D Certificate
No fixed dollar cap
No statutory deadline
Not required by statute
See all 51 jurisdictions on the map, compare every state in the fee and deadline table, or read about lender questionnaires, estoppel letters, and demand letters.
Your next New York resale package could write itself.
The resale platform is free for the association. The requester pays for the document. No contract to sign.