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5407 RESALE CERTIFICATION

THIS RESALE CERTIFICATE HAS BEEN SPECIFICALLY PREPARED FOR ________________________________ .

This Certificate is provided pursuant to the provisions of Section 5407 of the Pennsylvania Uniform
Planned Communities Act. The
(hereinafter Association)
represents the following with respect to
, (hereinafter Unit).
1.

The sale of the Unit is not subject to any Right of First Refusal or other restraint on the free
alienability of the Unit known to the Association unless otherwise stated here:
____________________________________________________________________________________

2.

The regular Common Expense assessment of the Unit is $


per
,
which is due on or before
. This amount is subject to
change, higher or lower, effective on the First Day of the next fiscal year, which is
.
The Dues are currently paid through
.
As of the date of this Certificate, there are no unpaid Common Expenses or Special Assessments
currently due and payable by the Unit Owner except as otherwise stated here:
____________________________________________________________________________________
As of the date of the Certificate, there are no surplus fund credits applicable to the Unit except as
otherwise stated here:
____________________________________________________________________________________

3.

No other fees are presently due to the Association by the Unit Owner(s) except as otherwise
stated here: _________________________________________________________________________
The Unit Owner is personally responsible for all County, Township, and School real estate
taxes on the Unit, as well as, all utilities furnished to the individual Unit.
_______________
None
$ ________________________________________
_______________
Capital Contribution
$ ________________________________________
_______________
Special Assessment
$ ________________________________________
**NOTE** Be advised that items listed in #2 & #3 above are subject to change by additional
monthly Assessments, Special Assessments and/or payments made prior to the date of
settlement. An updated statement should be obtained just prior to settlement.
Please collect from the BUYER $
at closing for_______________________________
____________________________________________& have all checks made payable and mailed to:
__________________________________________________
2131 N BROAD ST, STE 201
LANSDALE, PA 19446
Please collect from the SELLER $
at closing for_______________________________
_________________________________________& have all checks made payable and mailed to:
__________________________________________________
2131 N BROAD ST, STE 201
LANSDALE, PA 19446

Revised 04/2016

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4.

As of the date of this Certification, no Capital Expenditures are proposed by the Association for the
current or the two next succeeding fiscal years unless otherwise stated here:
____________________________________________________________________________________

5.

The Association has $


reserved for Capital Expenses. Those reserves have not been
specifically designated by the Association for specified projects unless otherwise stated here:
Amount $__________
Amount $__________
Amount $__________

Project: _______________________________________________
Project: _______________________________________________
Project: _______________________________________________

6.

The following documents are attached hereto:


Statement of the Association Insurance coverage
Copy of the most recently prepared Annual Balance sheet and Income & Expense
statement
Current Operating Budget of the Association
Statement of proposed Capital Expenditures for the current & next two succeeding
years, if any
Statement of any judgments against the Association & status of pending suits, if any
Copy of the Declarations & Bylaws, Rules & Regulations

7.

The current Operating budget of the Association is attached hereto and incorporated herein by
reference.

8.

As of the date of this Certification, there exist no judgments against the Association known to it, nor
are there any pending lawsuits known to the Association, to which it is a party unless otherwise
stated here:
____________________________________________________________________________________

9.

Pursuant to the requirements of the Uniformed Planned Community Act, the Association maintains
public liability insurance of the Common Facilities in the amount of $
.
Such insurance is maintained with
.
The Insurance Agents phone number is
Please call the Agent for an Insurance Certificate or further information.

10.

As of the date of this Certification, the Executive Board of the Association has no knowledge of any
alterations, improvements or infractions to the above referenced Unit or the Limited Common
Facilities assigned thereto that are in Violation of any provision of the Declaration unless otherwise
stated below. The Buyer assumes responsibility for any existing Violations known, or unknown, to
the Association.
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________

11.

The Executive Board of the Association, with respect to the Unit, Common Facilities assigned
thereto, or any other portion of the Association, has no knowledge of any Violations of any
applicable governmental requirements and has no knowledge of any of the following:

Revised 04/2016

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a.
b.
c.

Hazardous conditions, including contamination affecting the Association site by


hazardous substances, hazardous wastes or the like or the existence of underground
storage tanks for petroleum products or other hazardous substances.
Any investigation conducted to determine the presence of hazardous conditions on or
affecting the Association site.
Any finding or action recommended to be taken in the report of any such
investigation or by any governmental body, agency or authority in order to correct any
hazardous conditions, and any action taken pursuant to those recommendations.

Unless otherwise set forth here: ________________________________________________________


12.

No leasehold estates exist which affect the Association unless otherwise set forth here:
____________________________________________________________________________________

13.

The Declaration of the Association does provide for

14.

No agreement to terminate the Association has been submitted to the Unit Owners for approval
unless otherwise stated here: __________________________________________________________
____________________________________________________________________________________

15.

The Association _____is,


is not, a master Association or part of a master Association. The
Declaration of the Association _____ does,
does not, allow the Association to become a
master Association or to become past of a master Association.

16.

None of the Units in the Association may be owned in time share estates unless otherwise stated
here: _______________________________________________________________________________

17.

The Declaration does not retain the special Declarant right to cause a merger or consideration of
the Association unless otherwise stated here: _____________________________________________

18.

Validation of this Certificate requires receipts of $


expenses, and signatures of an authorized agent of the Association.

___ Cumulative Voting ___ Class Voting

for processing

Reeves C. Miller, Property Manager


By: ___________________________________

North Penn Real Estate, Inc.


2131 N Broad Street, Ste 201
Lansdale, PA 19446
Tel 215-855-9526
Fax 215-855-3136
Date: _____________________
I/We have received the above referenced
information:

_________________________________

______

______________________________

______

Sellers Signature

Date

Purchasers Signature

Date

_________________________________

______

_______________________________

______

Sellers Signature

Date

Purchasers Signature

Date

PLEASE RETURN A SIGNED COPY OF THIS FORM TO THE ASSOCIATION!!


PLEASE FORWARD A COPY OF THIS FORM TO THE CLOSING AGENT!!
Revised 04/2016

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