HOA glossaryInsurance & operations

What is a resale package?

The bundle of documents an association must supply to a buyer before closing, typically including the covenants, budget, financials and status of the lot.

Also called: Resale certificate, Resale disclosure

The contents are usually set by state statute: the governing documents, the current budget and financial statements, insurance information, any reserve study or reserve disclosure, the fee schedule, pending litigation, and the account status of the lot.

Deadlines and permitted charges are commonly regulated too, and in some states the buyer has a defined right to cancel within a period after receiving the package. Missing the deadline can affect the sale directly.

Keeping the package assembled and current — rather than compiling it under time pressure for each sale — is the difference between a routine task and a recurring emergency.

Why it matters to a board

Refresh the standing package whenever the budget, insurance or documents change. Every sale then becomes an assembly job, not a research one.

Where the answer lives

Your recorded declaration and bylaws first, then the act that governs associations in your state. Whichever is stricter is the one that binds you.

Related terms

Estoppel certificateA statement from the association, relied on at closing, certifying what a lot owes and whether it is in violation.Transfer feeA charge for the administrative work of transferring an ownership record and producing the disclosure documents a sale requires.Governing documentsThe full set of instruments that binds an association and its members, read in a fixed order of authority.Reserve studyA professional inventory of common area components with remaining life, replacement cost, and a funding plan that keeps the reserve solvent.
General information, not legal advice. This entry explains what the term means, not what your association must do about it. Any notice period, cure window, fine cap, vote threshold or deadline comes from your recorded declaration and your state's act — those differ in all fifty states and are amended every session. Updated August 2026. Confirm the current requirements with an attorney licensed in your state before acting.
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