A resale certificate in real estate is a crucial document that verifies the legal status of a property’s resale. It is typically required in transactions involving the sale of a property from one owner to another, especially in condominiums or planned unit developments (PUDs).

This certificate serves as proof that the seller is compliant with all applicable laws, regulations, and homeowner association (HOA) rules governing the property. It typically includes information about any outstanding dues, fees, or assessments associated with the property, as well as details regarding any ongoing litigation or disputes that may affect its value or legal status.

For buyers, obtaining a resale certificate is essential for making informed decisions about purchasing a property. It provides crucial insights into the financial and legal aspects of the property, helping buyers assess potential risks and liabilities before finalizing the transaction.