SALES ARE SUBJECT TO THE BOARD OF MANAGERS’ EXERCISE OF ITS “RIGHT OF FIRST REFUSAL” AND MUST BE IN COMPLIANCE WITH ALL PROVISIONS & ARTICLES OF THE CONDOMINIUM'S OFFERING PLAN, BY-LAWS & HOUSE RULES

REQUIREMENTS FOR THE SALE OF A CONDOMINIUM UNIT AT THE 206 21ST STREET CONDOMINIUM

 

Required Documents for Sales Application

• Unit Owner Notice to Board of Intention to Sell Condominium Unit
• Fully executed Contract of Sale
• REBNY Purchase Application for the Sale of a Condominium Unit , completed and signed by each proposed purchaser 
• Signed Acknowledgement of Offering Plan, By-Laws and House Rules  (download a copy of the Offering Plan and By-Laws ,  House Rules )
• Each Purchaser must complete the Kaito  Authorization for Background Check and Payment form. 
• Letter of Employment (or letter from accountant if self-employed)
• Last filed tax return
• If Purchaser is applying for a mortgage, a copy of the bank commmitment letter should be submitted with application

Submission Guidelines

• Please make certain to redact all but the last four digits of your account numbers and social security numbers on all bank statements, brokerage statements and tax returns
• Digital documents should be scanned and submitted in typed format.
• If broker(s) are representing the prospective purchaser(s) or owner on this sale, then all documents for this submittal should be collected, reviewed and submitted by broker using this form. Each prospective purchaser should only complete the Authorization for Background Check and Payment form. 

Sales Application Process

• After receipt a completed appication, Kaito will process application and provide a copy to the Board of Directors
• If Board waives rights, Management will issue the waiver of the “Right of First Refusal” and common charge letter for closing.

Application Fees & Other Required Forms 

• $350 application fee to Kaito Management Corp. for processing sales application, payable via the Authorization for Background Check
• Each applicant listed on the purchase contract must  complete the Kaito  Authorization for Background Check and Payment form. 

A Move-in/Move-out deposit will be collected from Purchaser and Seller prior to closing, which will be refunded after move if there is no damage.  All moves must be scheduled with management, with proper protocals and insurance in place.    

 

This form is transmitted securely through a 3rd party provider, please ensure URL address begins with "https://". Failure to submit all documents may delay processing time. You may continue the application at a later time should you not complete all at once. First listed person on contract should be considered Applicant and all other listed applicants should apply as co-applicants.