Resales of units
- Statute:
- New Mexico §47-7D-9 · Article CONDO (New Mexico Condominium Act (NMSA 47-7A-1 to 47-7D-20))
- Topic:
- Records & Disclosure · Resale certificate
- Applies to:
- Condo associations
On a resale that does not require a declarant disclosure statement, the unit owner furnishes the declaration (other than plats), bylaws, rules, and a resale certificate covering unpaid assessments, fees, reserves, the latest financials, insurance, and the other listed items. The association has ten working days after a unit owner's request to furnish the certificate. The unit owner is not liable to the purchaser for erroneous information the association provided.
📄 Read the official text at nmonesource.com →
How SoShiny helps with Resales of units
SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox.
See the feature → Start freeFrequently asked
- What does New Mexico §47-7D-9 require?
- On a resale that does not require a declarant disclosure statement, the unit owner furnishes the declaration (other than plats), bylaws, rules, and a resale certificate covering unpaid assessments, fees, reserves, the latest financials, insurance, and the other listed items. The association has ten working days after a unit owner's request to furnish the certificate. The unit owner is not liable to the purchaser for erroneous information the association provided.
- Who does New Mexico §47-7D-9 apply to?
- New Mexico §47-7D-9 applies to Condo associations in New Mexico.
- What happens if our condo doesn't comply with §47-7D-9?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for New Mexico community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of New Mexico §47-7D-9?
- The official text is published by the New Mexico Legislature at nmonesource.com. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Resales of units?
- SoShiny gives every owner instant, permissioned access to the official records this statute requires — searchable, audit-logged, and exportable for state inspections. The records survive every board turnover because they live in one place, not in someone's inbox. Learn more →
Not legal advice. This page is a plain-English summary of New Mexico §47-7D-9 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New Mexico-licensed attorney. For the official statutory text, see the link above.
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