Provide a homeowner's association disclosure statement to potential buyers of your property to comply with your legal obligation to disclose all pertinent information about your association.

Buyers should not execute a real estate sale or purchase contract until receiving and reading this disclosure summary.

Before buyers purchase residential real estate, they want to know exactly what they are getting into. You have an obligation to share any knowledge you have about the terms and conditions of the homeowner’s association, as well as assessments and fees the new owners will be expected to pay.

The Socrates Homeowner's Association Disclosure covers terms and conditions including:

• name of the community
• inclusion of the new owner into the association
• restrictive covenants on use and occupancy of the property
• assessment amount
• additional fees
• consequences for nonpayment
• date and signature of the new homeowner(s)



This form is also included in our exclusive Buying & Selling Your Home Kit, which provides all the advice, information and forms you need to purchase or sell a home.

All contents reviewed and approved by attorneys or industry experts.