NMSA §47-7D-9
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Condominium Act — Resales of Units
Unit owner must furnish purchaser before conveyance: copy of declaration, bylaws, and rules; and a resale certificate containing right of first refusal, monthly assessments and unpaid amounts, other fees, capital expenditures anticipated for current and next two fiscal years, and amount of reserves for capital expenditures. Association must furnish within 10 days of request. Purchaser not liable for unpaid assessments exceeding the certificate amount.
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Disclosure
| Ref | Requirement |
|---|---|
| Unit owner must furnish purchaser before conveyance: copy of declaration, bylaws, and rules; and a resale certificate containing right of first refusal, monthly assessments and unpaid amounts, other fees, capital expenditures anticipated for current and next two fiscal years, and amount of reserves for capital expenditures. | |
| Association must furnish within 10 days of request. | |
| Purchaser not liable for unpaid assessments exceeding the certificate amount. | |
| Within 10 days of the request |
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