Which statement is true regarding the information in the Condominium Resale Certificate?

The statement that the Condominium Resale Certificate includes the amount due for special assessments is indeed true. This certificate is designed to provide prospective buyers with critical financial and operational information about the condominium association. One of its key functions is to disclose any outstanding amounts that the seller might need to pay, particularly concerning special assessments. Special assessments are additional fees that condominiums may levy on owners to cover unexpected expenses or major repairs not covered by the regular assessments. As such, this information is vital for buyers to understand their potential financial obligations before proceeding with a purchase.

The other assertions do not align with the purpose and content of the Condominium Resale Certificate. For instance, the document may include seller information to facilitate verification and ownership change processes. Stating that it is only relevant for buyers of detached homes is inaccurate, as the certificate is specifically tailored for condominium units. Lastly, ignoring the certificate can lead to uninformed decisions, as buyers could overlook important details about potential costs or issues related to the property. Thus, understanding the contents of the Condominium Resale Certificate, particularly the inclusion of special assessments, is critical for prospective buyers in the condominium market.