Form 1054 Warranty of Condominium Project Legal Documents

Form 1054 Warranty of Condominium Project Legal Documents

What Is Form 1054?

This is a legal form that was released by the Federal National Mortgage Association (Fannie Mae) on May 1, 2018 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 1054?
A: Form 1054 is a warranty of condominium project legal documents.

Q: What does Form 1054 cover?
A: Form 1054 covers the legal documents of a condominium project, such as the declaration, bylaws, and other governing documents.

Q: What is the purpose of Form 1054?
A: The purpose of Form 1054 is to provide assurance that the legal documents of a condominium project are in compliance with applicable laws.

Q: Who is responsible for completing Form 1054?
A: The developer of the condominium project is responsible for completing Form 1054.

Q: Why is Form 1054 important?
A: Form 1054 is important because it ensures that the legal documents of a condominium project are accurate and legally binding.

Q: Can buyers rely on Form 1054?
A: Yes, buyers can rely on Form 1054 to understand the legal framework of the condominium project they are purchasing.

Q: Are there any penalties for providing inaccurate information on Form 1054?
A: Yes, there may be penalties for providing inaccurate information on Form 1054, as it is a legally binding document.

Q: Who should review Form 1054?
A: Buyers, their agents, and their legal counsel should review Form 1054 to ensure they have a thorough understanding of the condominium project's legal documents.

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Form Details:

  • Released on May 1, 2018;
  • The latest available edition released by the Federal National Mortgage Association (Fannie Mae);
  • Easy to use and ready to print;
  • Yours to fill out and keep for your records;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form 1054 by clicking the link below or browse more documents and templates provided by the Federal National Mortgage Association (Fannie Mae).

Download Form 1054 Warranty of Condominium Project Legal Documents

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