Selling your home?
Maryland law requires homeowners association and condominium owners to disclose specific information regarding the community and their property upon resale including, but not limited to, all official association documents, covenants and restrictions, a statement of fees and/or assessments of the association, a statement of any outstanding rule violations, and more.
What does it include?
A resale package includes the documentation of the association to include but no limited to:
- Articles of Incorporation
- Declaration of Covenants
- Bylaws
- Policies
- Rules and Regulations
- Financial data to include current year budget and balance sheet.
Letter of Compliance
Instrumental to the resale documentation is an onsite inspection of your home to ensure compliance with the association covenants as well as rules and regulations. Based on that inspection as well as the payment status of assessments, the package will include either a Letter of Compliance or Notice of Non-Compliance.
Enrolled in ACH?
It is your responsibility to notify HPM in writing to discontinue ACH in the event of selling your home.
Letter of Compliance is issued if no architectural violations are noted onsite and the assessments are paid to date.
A Notice of Non-Compliance may be issues for several reasons:
- Architectural violations
- Maintenance issues
- Delinquency with assessments
In advance of requesting a resale package, review any recent architectural violations and verify that those items have been addressed. Review your association guidelines and check out the exterior of your home to verify in compliance.
Please note that the processing time only includes business days. Holidays, weekends, and Fridays do not count as a business day. Packages can be picked up or mailed via priority mail.
