An HOA initiation fee, also known as a buy-in fee or a contribution to working capital, is a set amount charged upon the transfer of a property within an HOA community from one owner to another. The initiation fee is paid at the time of closing, and the initiation fee and the owner’s obligation to pay it must be specified in the community’s declaration. Read the article…………………….
Related Post
November 4, 2023
November 22, 2014
April 15, 2022
Comments are closed.