Louisville KY Condominium Sellers Certificate

After the housing crisis, and for the general welfare of the public, the Kentucky Real Estate Commission drafted what is referred to as a Condominium Seller's Certificate.  This Certificate based on a newer law that became effective 1/1/2011, KRS 381.9101 - 381.9207, and is to make potential purchasers aware of important information regarding the association and the particular unit the purchaser is buying.  Below is the latest revised copy of the Condo Certificate.

Page 1 of 2

Revised May 2012

CONDOMINIUM SELLER’S CERTIFICATE 

IMPORTANT NOTICE: This information is current to the date of issuance.

Condominium Certificate concerning Condominium Unit ______, in Building ________, of __________________________________________________, a condominium project, located at __________________________________________________________________(Address), City of, ____________________________, County of, _______________________, Kentucky, on behalf of the condominium owners' association (the Association) by the Association's governing body (the Board).

A. The Declaration _does _does not contain a right of first refusal or other restraint that restricts the right to transfer the Unit. If a right of first refusal or other restraint exists, see Section ___________________ of the Declaration.

B. The monthly common expense assessment for the Unit is $_______________ per ____________________.

C. There _is _is not a common expense, emergency assessment, or special assessment due and unpaid by the Seller to the Association. The total unpaid amount is $_________ and is for _____________________________________________.

D. Other fee amounts _are _are not payable by Seller to the Association. The total unpaid amount is $_________ and is for____________________________________________________________.

E. Capital expenditures anticipated by the Association for the current, and if known, next two (2) fiscal years are $_______________________.

F. Reserves for capital expenditures are $______________; of this amount $____________________ has been designated for____________________________________________________________.

 G. Attached are the current operating budget of the Association and most recent regularly prepared balance sheet and income and expense statement, if any, of the Association.

H. The date of the most current financial report prepared for the Association, pursuant to KRS 381.9197, is _________________________________.

I. The amount of any unsatisfied judgments against the Association is $_______________________.

J. There _are _are not any suits pending against the Association or any pending suits in which the Association is a named party and the amount in dispute or contest is more than ten thousand dollars ($10,000). The status of the pending suits (if any) is_____________________________________________________________________________________________________________________.

K. The Association _does _does not maintain insurance coverage. A _ statement describing the insurance maintained by the Association or a _certificate of insurance issued to the Association is attached.

 THIS FORM HAS BEEN APPROVED BY THE KENTUCKY REAL ESTATE COMMISSION

___________________________________________________________________________________

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Revised May 2012

L. A portion of the condominium _is _is not situated upon a leasehold estate. The remaining term of any leasehold estate that affects the condominium is____________________ and the provisions governing an extension or a renewal of the lease are: ____________________________________.

Condominium Seller’s Certificate Concerning:
__________________________________________________________________________________
(Address of Property)

M. The name, mailing address and telephone number of the Association’s manager or authorized agent are:

Name and Telephone Number of Agent: _______________________________________________

Mailing Address: _________________________________________________________________
Initialed for identification by Buyer(s) ________________ and Seller(s) _____________________
This certificate was prepared for the Association by: ______________________________,
who is: (Title) ___________________________________________________________________
Signature: _______________________________________________Date:___________________ 
 
REQUIRED ATTACHMENTS:
1. Operating Budget & any Balance Sheets
2. Insurance Summary
3. Rules and Bylaws of the Association
4. The Declaration other than Plats & Plans

Louisville Condos and Townhomes

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 Over $1,000,000

Louisville Condos and Townhomes

294 Properties Found. Page 1 of 25.
Photo of Listing #1522342

6600 Seminary Woods Pl P2, Louisville

$1,488,250 - 4 Beds, 4 Baths, 6,023 Sf

MLS® # 1522342

Underhill Associates, LLCGreater Louisville Association of Realtors Logo
Photo of Listing #1506190

5447 Harbortown Cir 148, Prospect

$1,200,000 - 2 Beds, 4 Baths, 4,332 Sf

MLS® # 1506190

Kentucky Select PropertiesGreater Louisville Association of Realtors Logo
Photo of Listing #1524933

1400 Willow Ave 1501, Louisville

$1,035,000 - 3 Beds, 2 Baths, 2,282 Sf

MLS® # 1524933

Kentucky Select PropertiesGreater Louisville Association of Realtors Logo
Photo of Listing #1526414

6600 Seminary Woods Pl 1202, Louisville

$899,000 - 3 Beds, 3 Baths

MLS® # 1526414

Housing AssociatesGreater Louisville Association of Realtors Logo
Photo of Listing #1521559

222 E Witherspoon St 1702, Louisville

$799,500 - 2 Beds, 3 Baths, 2,761 Sf

MLS® # 1521559

Skelton Company REALTORSGreater Louisville Association of Realtors Logo
Photo of Listing #1522337

6600 Seminary Woods Pl 1005, Louisville

$784,760 - 3 Beds, 3 Baths, 4,282 Sf

MLS® # 1522337

Underhill Associates, LLCGreater Louisville Association of Realtors Logo
Photo of Listing #1512774

222 E Witherspoon St 1103, Louisville

$775,000 - 2 Beds, 2 Baths, 2,198 Sf

MLS® # 1512774

Lenihan Sotheby's International RealtyGreater Louisville Association of Realtors Logo
Photo of Listing #1507976

1416 Willow Ave 8-b, Louisville

$775,000 - 2 Beds, 2 Baths, 2,422 Sf

MLS® # 1507976

Lenihan Sotheby's International RealtyGreater Louisville Association of Realtors Logo
Photo of Listing #1526453

222 E Witherspoon St 1502, Louisville

$770,000 - 3 Beds, 3 Baths, 3,121 Sf

MLS® # 1526453

Lenihan Sotheby's International RealtyGreater Louisville Association of Realtors Logo
Photo of Listing #1521567

222 E Witherspoon St 904, Louisville

$759,500 - 2 Beds, 3 Baths, 2,743 Sf

MLS® # 1521567

Skelton Company REALTORSGreater Louisville Association of Realtors Logo
Photo of Listing #1506148

6600 Seminary Woods Pl 605, Louisville

$739,000 - 2 Beds, 2 Baths, 2,581 Sf

MLS® # 1506148

Underhill Associates, LLCGreater Louisville Association of Realtors Logo
Photo of Listing #1524251

711 W Main St Q & R, Louisville

$725,000 - 3 Beds, 4 Baths, 2,649 Sf

MLS® # 1524251

Parker & Klein Real EstateGreater Louisville Association of Realtors Logo

Greater Louisville Association of Realtors Logo

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Crane Realtors LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.

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