⭐ Maryland Condo Resale Requirements: What Sellers Must Provide When Selling a Condo
Selling a condo in Maryland comes with specific legal obligations under the Maryland Condominium Act. Before closing, sellers must provide buyers with a Condominium Resale Package, which includes disclosures, financial documents, rules, and notices that help buyers understand the building and association they’re joining.
If you’re preparing to sell a condo in Maryland, here’s a complete guide to the resale requirements and what must be included.
⭐ What Is the Maryland Condominium Resale Package?
Maryland does not use a single statewide “condo form.” Instead, sellers must provide a Condominium Resale Package, also called:
- Condo Resale Certificate
- Condominium Disclosure Package
- Association Documents
This package is issued by the condo association or management company.
⭐ What Must Be Included in the Condo Resale Package?
Under the Maryland Condominium Act, the resale package must include:
✔ 1. Resale Certificate / Disclosure Statement
This is the core document and must include:
- Monthly condo fees
- Special assessments
- Planned increases in dues
- Pending litigation
- Insurance coverage
- Reserve fund status
- Known violations for the unit
- Parking/storage details (if applicable)
✔ 2. Governing Documents
The buyer must receive:
- Declaration
- Bylaws
- Rules & Regulations
- Architectural or renovation guidelines
- Any amendments
✔ 3. Financial Information
Including:
- Current operating budget
- Annual financial statements
- Reserve study (if available)
- Details on upcoming capital projects
✔ 4. Meeting Minutes
Recent board or annual meeting minutes (if available).
✔ 5. Statement of Account
Showing:
- Seller’s balance
- Outstanding fees
- Special assessments
- Transfer fees
- Move‑in/move‑out fees (common in condos)
✔ 6. Resale Inspection Report
If the condo association performs compliance inspections, the results must be included.
⭐ How Long Does the Buyer Have to Review the Condo Documents?
Maryland law gives buyers a 7‑day review period after receiving the resale package.
During this period, the buyer may:
- Review the documents
- Ask questions
- Consult an attorney
- Cancel the contract for any reason
This is a mandatory right under Maryland law.
⭐ Who Orders the Condo Resale Package?
Typically:
- The seller orders the package
- The condo association or management company prepares it
- The buyer receives it through the listing agent or title company
Most condo associations charge a fee for preparing the package.
⭐ What Happens If the Seller Doesn’t Provide the Condo Documents?
If the seller fails to provide the required documents:
- The buyer’s 7‑day review period never begins
- The buyer may cancel the contract at any time before closing
- The seller may be in violation of Maryland law
Providing the resale package promptly protects both parties.
⭐ Condo vs HOA Resale Requirements: What’s the Difference?
While both require disclosure packages, condos have more financial and structural disclosures, including:
- Reserve studies
- Capital project plans
- Building maintenance obligations
- Shared element responsibilities
- Move‑in/move‑out fees
- Elevator maintenance assessments
Condos are more complex than HOAs — which is why Maryland requires a more detailed resale package.
⭐ Condo Resale Package Delivery Receipt (Recommended)
Maryland does not provide a state‑issued receipt form, but brokers commonly use:
Condo Resale Package Receipt or Receipt of Condominium Documents
This form confirms:
- Buyer received the documents
- Date/time delivered
- Start of the 7‑day review period
⭐ Final Thoughts
Selling a condo in Maryland requires strict compliance with the Maryland Condominium Act. Providing a complete resale package ensures transparency, protects the seller, and gives the buyer confidence in the building’s financial and structural health.
Hawkins Real Estate Company provides full guidance, document coordination, and compliance support for condo sales across Maryland.