Texas Property Code

§ 82.157 — RESALE OF UNIT

PR § 82.157Title 7. CONDOMINIUMS · Ch. 82. UNIFORM CONDOMINIUM ACT · Art. D. PROTECTION OF PURCHASERS

Statute text

(a)Except as provided by Subsection (c), if a unit owner other than a declarant intends to sell a unit, before executing a contract or conveying the unit, the unit owner must furnish to the purchaser a current copy of the declaration, bylaws, any association rules, and a resale certificate that must have been prepared not earlier than three months before the date it is delivered to the purchaser. The resale certificate must be issued by the association and must contain the current operating budget of the association and statements of:

(1)any right of first refusal or other restraint contained in the declaration that restricts the right to transfer a unit;

(2)the amount of the periodic common expense assessment and the unpaid common expenses or special assessments currently due and payable from the selling unit owner;

(3)other unpaid fees or amounts payable to the association by the selling unit owner;

(4)capital expenditures, if any, approved by the association for the next 12 months;

(5)the amount of reserves, if any, for capital expenditures and of portions of those reserves designated by the association for a specified project;

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Legislative history

Acts 2015, 84th Leg., R.S., Ch. 1183 (S.B. 1168), Sec. 1, eff. September 1, 2015. Acts 2025, 89th Leg., R.S., Ch. 10 (S.B. 711), Sec. 4, eff. September 1, 2025.