Condo owners is this the year you plan on selling your condo if so i'm going to tell you why you need to order your 6d certificate from your association and why you need it to sell my name is matthew straight from straight real estate solutions let's get started what is a 6d certificate it's a notarized certificate from the condo management company or the association that all your condo fees special assessments and expenses have been paid in full word of advice some management companies are under staff and you don't want to wait to the last minute to request the 6d certificate once the purchase and sale is signed fill in the application send in the fee in most cases there is a fee that way you have the 6d certificate ready for closing unfortunately if you wait to the last minute and you don't get one you're not closing for all things real estate check us out at srshouses.com and don't forget to like and subscribe you.
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About 6d Certificate
A 6d Certificate, also known as a 6d or 6(d) Declaration, is a legal document that certifies the status of a property's common charges and outstanding fees. It is commonly required in the context of purchasing or refinancing a co-operative or condominium unit in certain states, such as New York. This certificate is obtained from the managing entity or homeowners association that oversees the property. It lists any unpaid common charges, assessments, or fees owed by the current owner of the unit. It also verifies whether the unit is in violation of any existing rules or regulations. The 6d Certificate is primarily needed by potential buyers or lenders as part of their due diligence process. It ensures they are aware of any financial obligations associated with the property and helps in determining the financial stability of a cooperative or condominium building. The certificate provides transparency and protects the interests of the parties involved in the transaction. It can impact the sale or financing of a property if outstanding dues are substantial or if there are unresolved violations against the unit. It is recommended for buyers and lenders to request a 6d Certificate during the purchasing or refinancing process to make informed decisions regarding the property's financial health.
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