Pursuant to AS 34.08.590 a Resale Certificate is required for a sale of property within Memory Lakes Estates One Subdivision.  Buyers are allowed 5 days to review per statute.

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The Resale Certificate allows prospective buyers the opportunity to evaluate the financial stability and overall management of the Association.  Here is a partial list of what a Resale Certificate contains and why it is important to review it carefully:

·         Amount of dues and how often assessed;

·         Pending special assessments, unsatisfied judgments or pending litigation, if any;

·         Financial reports and meeting minutes;

·         Pending capital expenditures in excess of $3,000 for the current and the next two fiscal years;

·         Insurance coverage: Directors & Officers coverage and/or General Liability coverage for the Association, if any;

·         A copy of all governing documents providing insight as to what an owner can or cannot do in the Association.

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The Resale Certificate order form should be filled out and emailed or faxed to the Management Office.
We request 10 days to process.