What are the restrictions on selling a condo unit in a condo complex?

When selling a condo unit in a condo complex in Washington there are several restrictions you must abide by. Firstly, you must obtain the approval of the condo board if you want to sell. The board must vote to approve the selling of your property and may impose restrictions on potential buyers if necessary. Secondly, all potential buyers must be provided with a disclosure statement that gives detailed information about the condo complex, any specials assessments that have been imposed, and any outstanding financial obligations of the condo complex. Thirdly, the condo complex must have a resale certificate that includes statements from the condominium association approving the sale and certifying its financial standing. Finally, all condo buyers must receive a copy of the condo’s Declaration of Covenants, Conditions and Restrictions and other documents detailing the rules and regulations of the condo complex. It is important to remember that condo complexes have their own set of rules and regulations and you must ensure you follow them when selling your condo unit. It is also important to work with a real estate expert that is familiar with condo law in Washington who can assist in helping you navigate the selling process.

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What are the restrictions on selling a condo unit in a condo complex?

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