Association Documents Objection Deadline

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Complete the "Association Documents Objection Deadline" checklist:

https://learntoberich.com/association-documents-objection-deadline/

We often use "MEC + 14 Days" for this deadline in the "Contract to Buy and Sell Real Estate".

Mark this task as complete when done.

Contract Deadline: Association Documents Objection DeadlineContract To Close: Owner's AssociationUltimate Nomad ChecklistWeek 13


Review the HOA documents sent over by the Seller.

Highlight any sections you have questions about and write your questions in the margin. You can talk to the HOA directly with questions and/or your Attorney for advice.

If you're OK with the HOA documents, there is nothing to do. If you're not OK with the HOA documents, you can terminate the contract prior to the Association Documents Objection Deadline.

Mark this task as complete when done.

Contract Deadline: Association Documents Objection DeadlineUltimate Nomad ChecklistWeek 13


If you have questions about any of your HOA documents and how it might impact your ability to use the property in the way you desire, you should talk to your Attorney to get legal advice and clarification.

IMPORTANT NOTE: Your Real Estate Broker is not trained on how to read and interpret HOA documents and is not competent to be able to give you advice on them.

Mark this task as complete when done.

Contract Deadline: Association Documents Objection DeadlineUltimate Nomad ChecklistWeek 13


If the something in the association documents is unsatisfactory to you, you have up until the Association Documents Objection Deadline to terminate the "Contract to Buy and Sell Real Estate" and get your Earnest Money back.

If something is unsatisfactory, tell your Real Estate Broker right away to give them time to prepare your "Notice to Terminate" and "Earnest Money Release" and send them over for you to sign via DocuSign.

Mark this task as complete when done.

Contract Deadline: Association Documents Objection DeadlineUltimate Nomad ChecklistWeek 13


If the something in the association documents is unsatisfactory to you, you have up until the Association Documents Objection Deadline to terminate the "Contract to Buy and Sell Real Estate" and get your Earnest Money back.

If something is unsatisfactory, your Real Estate Broker will prepare your "Notice to Terminate" and "Earnest Money Release" and send them over for you to sign via DocuSign.

Mark this task as complete when done.

Contract Deadline: Association Documents Objection DeadlineUltimate Nomad ChecklistWeek 13


Once your Real Estate Broker has sent you the "Notice To Terminate" and "Earnest Money Release" via DocuSign, sign it before the Association Documents Objection Deadline to protect your Earnest Money.

Mark this task as complete when done.

Contract Deadline: Association Documents Objection DeadlineUltimate Nomad ChecklistWeek 13


Once you've signed the "Notice To Terminate" and "Earnest Money Release" via DocuSign and received a copy back, save a copy to your property folder in Dropbox.

Once you get them back signed from the Seller you'll replace your copies in Dropbox with the fully executed versions.

Mark this task as complete when done.

Contract Deadline: Association Documents Objection DeadlineUltimate Nomad ChecklistWeek 13

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