Can My South Carolina HOA or Condominium Charge a Transfer Fee?

I often receive questions from managers and board members about fees that homeowners associations and condos can and can’t charge to homeowners and to prospective purchasers in their communities. One of the most common questions goes something like this:  “Our covenants say that we can charge a capital contribution fee / transfer fee / some other similar fee at each closing. Can we charge this fee?”  The answer will depend on several factors, including the age of the fee covenant, which party is entitled to receive the fee, and whether the original developer is still selling property in a community.     Read the article……………