What is a 5407 certificate?

What is a 5407 certificate?

A 5407 Resale Certificate is requested once your home has a buyer and prior to the date of closing. The 5407 package provides specific information concerning the association, including financial status, HOA documents and new member registration form. …

Who pays for resale certificate in PA?

Resale Disclosure Certificates typically range between $300-400 to prepare and send. The cost is usually paid by the seller.

What is a resale certificate in Pennsylvania?

When buying personal tangible property in Pennsylvania for resale, the Department of Revenue (DOR) requires that an official resale certificate accompany the sale. This certificate allows purchasers to buy products tax-free and then collect the tax when reselling them.

What is a HOA resale certificate Texas?

The resale certificate gives specific information about the property that is being sold and where it stands with the HOA; this incudes disclosing any past-due payments or unpaid violations, any pending violations, and all fees that are due upon closing.

What are HOA fees Florida?

On average, the monthly HOA fee will be in the $100-$300 range. However, in more affluent communities it can be higher. HOA fees are used to cover the cost of maintaining common amenities like the community pool, landscaping of public grounds, activity center, etc.

What is a 3407 certificate?

Statute §3407 of the Pennsylvania Condominium Act (the “Act”) provides that a contract for the resale of a common interest community unit by someone other than the developer is unenforceable unless the unit owner furnishes certain information and documents.

How do I get a copy of my pa resale certificate?

The best way to get a duplicate Sales Tax License or other Revenue license(s) is to obtain a copy in the e-TIDES “Document Center”. Your correspondence will be available for the current calendar year plus the prior three years.

How do I get a resale number in PA?

To obtain a seller’s permit, you must file Pennsylvania Enterprise Registration Form (PA-100), which may be submitted either online or by printing out the form and mailing it to the Pennsylvania Department of Revenue.

How do I get a PA reseller certificate?

How long does it take to get a HOA resale certificate in Texas?

If you have any questions, look to your state’s condominium laws for clarification, or contact an attorney. State laws will also dictate how long a community has to complete the information required. Although the laws vary, five to 15 business days is a likely range of time.

How much does it cost to get a resale certificate in Texas?

It’s free to apply for a Texas sales tax permit. A bond may be required but only after the application is filed and reviewed. Other business registration fees may apply. Contact each state’s individual department of revenue for more about registering your business.

How can I avoid paying HOA fees?

How to Lower Your HOA Fees

1. Reduce reserve funds. If the reserve fund has enough cash, suggest using some of those funds to cover necessary projects.
2. Defer nonessential repairs. Talk to the board about deferring non-essential projects to avoid hiking HOA fees.
3. Check contracts with vendors.