I am still hearing that CICs are charging more than $160 and 25 cents per page for the Resale Package.
Per NRS 116.4109 Resales of Units (4)(b)/NAC 116.465 (1)(2) a CIC can charge up to $160 to cover the cost of preparing the CIC resale package. Also, the CIC may charge 25 cents per page to cover the cost of copying the documents furnished other than the certificate.
So the CIC gets paid the $160 to provide the Certificate and then can charge to copy only these:
- Copy of the declaration;
- The Bylaws;
- The Rules or Regulations of the Association
- The Before You Purchase Property In A Common-Interest Community ….
They cannot charge to copy the whole ‘package’ – only those documents listed above. If they charge a Seller for copying other items, like the certificate or the public pool schedule, demand they provide an accounting.
I have written a letter for you to demand they comply with NRS and NAC, it is located here.
Let me know how your progress goes.
Please see my other blogs on CIC:
Nevada CIC Resale Package Costs I
Nevada Condominium Hotel Disclosure
CIC Unpaid Delinquent Dues And How They Affect REO Listings
Changes to the Nevada CIC Resale Package
Non-Receipt of the Resale Package
Rental Restrictions within an Association
Nevada CIC Charges for Resale Packages
June 11, 2010 at 8:53 am
Does the .25 per page also apply when the docs are electronically transferred & no hard copies are provided by the HOA?
June 11, 2010 at 9:32 am
I don’t see how, they did not incur a copy cost.
December 18, 2012 at 3:32 pm
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