Highview Condominium II
Rules and Guidelines
Selling Your Unit
If you are planning to sell your unit, it must be sold according to the provisions of the Condominium By-Laws (Article VII, Section 1-a). The following procedures must be followed allow for completion of the paperwork required in the sale of all Highview Condominium II units.
1. Prepare Sales Application. This form is available from the management office.2. Send a copy of the completed contract of sale to the managing agent’s office with 1) a check for $200 from the unit owner and 2) a check for $100 from the prospective purchaser. Both checks should be made payable to Highview Condominium II.
3. Once the paperwork and checks have been received by the managing agent, the agent will prepare required documents for the Board’s signature. According to the Condominium’s Bylaws (Article VII, Section 4), the Board of Managers has 30 days after receipt of the completed contract of sale to exercise their right of first refusal – typically by issuing a waiver.
4. All unpaid common charges, assessments, late charges, fines or other fees due to the condominium must be paid in full before a common charge release can be issued (Article VII, Section 9). As your attorney will indicate, closing of the sale cannot take place unless all charges are paid in full and the common charge release has been signed.
5. Any sale that violates this procedure results in the imposition of a fine of $500. Non-payment of the fine results in a lien being placed on the unit.
6. It is the responsibility of the unit owner who is selling the unit to deliver a complete condominium offering plan to the buyer.