A Seller Disclosure Form is a document completed by a homeowner when selling their property that discloses HOA-related information relevant to the sale. This may include outstanding balances, pending violations, special assessments, rental restrictions, and other association matters required by state law or the governing documents.
Why It Matters for Self-Managed HOAs
Seller disclosure forms help ensure transparent, compliant real estate transactions and protect both the HOA and buyers from surprises after closing.
- Confirms the seller’s HOA account status at the time of sale.
- Helps buyers make informed decisions before closing.
- Reduces post-sale disputes related to unpaid fees or violations.
- Supports compliance with state disclosure requirements.
- Streamlines coordination with title companies and real estate agents.
For self-managed boards, accurate seller disclosures reduce administrative back-and-forth and closing delays.
How to Use It
“The seller disclosure form confirms there were no outstanding HOA violations prior to closing.”
Best Practice or Tip
- Store seller disclosure templates and requirements in HOA My Way’s document library.
- Keep homeowner ledgers and compliance records up to date so disclosures are accurate.
- Coordinate seller disclosures with estoppel letters and resale disclosures for consistency.
- Track requests and delivery timelines through the portal to meet statutory deadlines.
- Archive completed disclosure forms for future reference and audits.
