If the property is a condominium association, in accordance Section 448.4-109 of the Missouri Revised Statutes, a seller is legally required to provide a buyer with a resale certificate. It is not optional. If you are a seller and do not obtain one, we have an obligation to inform the title companies before closing that you did not do so. Associations under our management which are legally condominiums and thus this requirement applies include:
❖ Berview Condominiums
❖ Bramblett Crossing Condominiums
❖ Foster Springs (addresses on Forest Springs Lane only)
❖ Heatherbrook Condominiums
❖ Mason Green Condominiums
❖ McKelvey Manor Condominiums
❖ Monreale Condominiums
❖ Old Ballas Village Condominiums
❖ Sherman Park Spring Hill Farm Condominiums
❖ Stone Ridge Estates Condominiums
❖ Tenth Street Lofts
❖ The Manor Condominiums at Oxford Hill
❖ Timber Creek Condominiums at Winghaven
❖ Wood Lake Condominiums
❖ Woods Glen Condominiums
If your association is not listed above, it is an HOA or PUD (planned unit development). A resale certificate is thus not legally required. However, it is very common, particularly within attached living communities, that a resale certificate is required by the buyer as a condition of the sales contract. This is often requested in the form of the inclusion of the Missouri Realtors form 2414A – Villas or Similar Lifestyle Communities Resale Information in the sales contract. If this is a condition of the sale, you should obtain a resale certificate, but the distinction is that it is then contractually required, but not by state law.
