Trec 37 5 Form PDF Details

Transitioning ownership of property subject to mandatory membership in a homeowner's association (HOA) in Texas involves navigating various legal and financial details. One pivotal document designed to streamline this process is the TREC 37 5 form, officially promulgated by the Texas Real Estate Commission on February 10, 2014. This form, serving as an essential tool for equal housing opportunities, extensively outlines vital subdivision information, including a resale certificate for properties enveloped in an HOA. It addresses whether the property is subject to rights of first refusal or other transfer restraints, discloses the current and any special assessment fees, unpaid amounts due to the association, and approved capital expenditures. Additionally, it highlights reserves for expenditures, any unsatisfied judgments against the HOA, and pending lawsuits. The form requires disclosure of any known violations of restrictions, governmental health or building code violations, administrative fees for ownership transfers, and the HOA's managing agent details. Furthermore, it clarifies the association's position on foreclosure for assessment non-payment and mandates the attachment of essential documents such as restrictions, bylaws, insurance certificates, and notices of violations, ensuring potential buyers are fully informed. This comprehensive form, updated from TREC No. 37-4, plays a pivotal role in promoting transparency and integrity in property transactions within subdivisions, ultimately safeguarding the interests of buyers, sellers, and the HOA involved.

QuestionAnswer
Form NameTrec 37 5 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other nameshoa resale certificate template, trec no 37 5, resale certificate property, tx certificate property

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PROMULGATED BY THE TEXAS REAL ESTATE COMMI SSI ON ( TREC)

2 - 10 - 2014

 

EQUAL HOUSING

 

OPPORTUNITY

 

yvutsronmihgfe

SUBD I VI SI ON I N FORM ATI ON , I N CLUD I N G

RESALE CERTI FI CATE FOR PROPERTY SUBJECT TO

M AN D ATORY M EM BERSH I P I N A PROPERTY OW N ERS' ASSOCI ATI ON

( Chapt er 207, Tex as Proper t y Code)

Resale Cer t ificat e concer ning t he Proper t y ( including any com m on ar eas assigned t o t he Pr oper t y ) locat ed

at

 

 

 

 

 

 

 

 

 

( St r eet Addr ess) , Cit y

of

 

 

 

 

, Count y of

 

 

 

, Texas, pr epar ed

by t he pr oper t y ow ner s’ associat ion ( Associat ion) .

 

 

 

 

 

 

 

 

 

 

A. The Pr oper t y

ﾉis ﾉ is

not subj ect t o

a r ight of

fir st r efusal ( ot her

t han a r ight

of fir st r efusal

 

pr ohibit ed by

st at ut e) or

ot her rest r aint

cont ained

in t he r est r ict ions

or r est r ict iv e

cov enant s

t hat

 

r est r ict s t he ow ner ’s r ight t o t r ansfer t he ow ner ’s pr oper t y .

 

 

 

 

 

 

 

 

B. The cur r ent r egular assessm ent for t he Pr oper t y is $

 

 

 

 

 

 

 

per

 

 

.

C.A sp eci a l a ssessm en t f o r t h e Pr o p er t y d u e a f t er t h i s r esa l e cer t i f i ca t e i s d e l i v er ed i s $ payable as follow s

for t he follow ing pur pose:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

.

D. Th e

t ot al of

all am ount s

du e and un paid t o t h e Associat ion t hat ar e at t r ibut able t o t h e Pr oper t y is

$

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

E. The

capit al

ex pendit ur es

appr ov ed

by t he

Associat ion

for

it s

 

cur r ent

fiscal

y ear

ar e

$

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

F. The am ount of r eser v es for capit al ex pendit ur es is $

 

 

 

 

 

 

 

.

 

 

 

 

 

G. Unsat isfied j udgm ent s against t he Associat ion t ot al $

 

 

 

 

.

 

 

 

 

 

H. Ot her t han law suit s r elat ing

t o unpaid ad v alor em

t ax es of an

individual m em ber

of t he associat ion,

t her e ﾉ ar e

ﾉ are not

any suit s pending in w hich t he Associat ion is a part y . The st y le and cause

num ber of each pending suit is:

 

 

 

.

 

 

 

 

 

 

 

 

 

 

I . The

Associat ion’s boar d

ﾉhas act ual

k now ledge

ﾉhas no act ual k now ledge of

condit ions

on

t he

Pr oper t y in

violat ion of

t he r est r ict ions apply ing

t o t he subdiv ision

or

 

t he by law s or

r ules

of

t he

Associat ion . Know n v iolat ions ar e:

 

 

 

 

 

 

.

 

 

 

 

 

 

 

 

J. The Associat ion ﾉhas ﾉhas not receiv ed not ice fr om any gov ernm ent al aut hor it y r egar ding healt h or building code violat ions wit h respect t o t he Propert y or any com m on areas or com m on facilit ies owned or leased by t he Associat ion . A sum m ar y or copy of each not ice is at t ached.

K. The am ount of any adm inist r at iv e t r ansfer fee char ged by t he Associat ion for a change of ow ner ship of

pr oper t y in t he subdiv ision is $

 

. Descr ibe all fees associat ed w it h t he t r ansfer of ow ner ship

( include a descr ipt ion of each fee, t o w hom each fee is payable and t he am ount of each fee) .

TREC NO. 37 - 4 TREC NO. 37 - 5

Subdivision I nfor m at ion Concer ning

 

Page 2 of 2

2 - 10 - 2014

 

( Addr ess of Pr oper t y )

 

L. The Associat ion’s m anaging agent is

( Nam e of Agent )

( Mailing Addr ess)

( Telephone Num ber )

( Fax Num ber )

( E- m ail Addr ess)

M.The rest rict ions ﾉ do ﾉ do not allow foreclosure of t he Associat ion’s lien on t he Propert y for failure t o pay assessm ent s.

REQUI RED ATTACHMENTS:

1 .

Rest r ict ions

5 .

Cur r ent Oper at ing Budget

 

2 .

Rules

6 .

Cer t ificat e of

I nsur ance

concer ning Pr oper t y

3 .

By law s

 

and

Liabilit y

I nsur ance

for

Com m on Ar eas

 

and Facilit ies

 

 

 

 

 

 

 

 

 

4 .

Cur ent Balance Sheet

7 .

Any

Gov ernm ent al No ices

of Healt or

yvutsronmih

Housing Code Violat ions

N OTI CE: This Subdivision I nform a t ion m a y cha nge a t a ny t im e .

Nam e of Associat ion

By :

Pr int Nam e:

Tit le:

Dat e:

Mailing Addr ess:

E- m ail:

This form has been approved by t he Texas Real Est at e com m ission for use only wit h sim ilarly approved or prom ulgat ed cont ract form s. No represent at ion is m ade as t o t he legal validit y or adequacy of any provision in any specific t ransact ion. Texas Real Est at e Com m ission, P.O. Box 12188, Austin, TX 78711- 2188, 512- 936- 3000 ( ht tp: / / www.trec.t exas.gov) TREC No. 37- 5. This form replaces TREC No. 37- 4.

TREC NO. 37 - 4 TREC NO. 37 - 5

How to Edit Trec 37 5 Form Online for Free

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Step 1: Hit the "Get Form" button above. It's going to open up our pdf tool so that you could start filling out your form.

Step 2: When you access the PDF editor, you will get the form made ready to be completed. Apart from filling in various blank fields, you may as well do several other actions with the form, such as adding custom words, changing the original textual content, inserting images, putting your signature on the form, and more.

Filling out this document requires care for details. Make certain every field is done properly.

1. While completing the tx certificate property, make certain to incorporate all essential blanks in their associated form section. This will help expedite the process, allowing your information to be processed efficiently and appropriately.

Completing part 1 in trec 37 5

2. The third step is usually to fill out the following blanks: H Ot her t han lawsuit s relat ing, I The Associat ions board has act, Associat ion Known violat ions are, J The Associat ion has has not, KThe am ount of any adm inist rat, propert y in t he subdivision is, Describe all fees associat ed wit, include a descript ion of each, and TREC NO TREC NO.

propert y in t he subdivision is, TREC NO TREC NO, and KThe am ount of any adm inist rat inside trec 37 5

As for propert y in t he subdivision is and TREC NO TREC NO, make sure that you double-check them here. These are considered the most significant ones in the document.

3. This next portion will be about Subdivision I nform at ion, Address of Propert y, Page of, L The Associat ions m anaging, Nam e of Agent, Mailing Addr ess, Telephone Num ber, M The rest rict ions do do not, E m ail Addr ess, Fax Num ber, pay assessm ent s REQUI RED, Rest rict ions, Rules, Current Operat ing Budget, and Cert ificat e of I nsurance - complete each of these empty form fields.

Completing section 3 in trec 37 5

4. This next section requires some additional information. Ensure you complete all the necessary fields - N OTI CE This Subdivision I nform, By Print Nam e Tit le Dat e, Nam e of Associat ion, and This form has been approved by the - to proceed further in your process!

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