Definition
A document an HOA provides during a home sale disclosing the account status, fees, and key information a buyer needs.
A resale certificate is a document the association issues when a home is being sold, disclosing the financial and governance information a buyer needs — the seller's account status, dues and any special assessments, fees, and often the rules and financial health of the community.
Many states require it, and buyers and lenders rely on it to understand what they're taking on. Accuracy and timely delivery matter, since a late or wrong certificate can delay a closing.