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What does a sale cost the seller and the buyer in HOA fees?
Dues are $125 a month. The seller pays a $200 resale certificate, a $100 account statement and a $250 transfer fee. The buyer pays $50 for gate cards and a capital contribution of two months of dues.
At closing the seller pays $550 and the buyer $300 on the HOA’s fee schedule: $850 in all, the same as 6.8 months of dues.
Type the community’s fee schedule as it is written: what the seller pays and what the buyer pays.
A capital contribution is added as a number of months of dues or a set amount, paid by whichever side your documents name.
Dues prorated on the settlement statement are not a fee, so they are left out.
The sales contract, the governing documents and, in some states, the law decide it. Use the schedule your community publishes and the contract you signed.
A one-time payment some communities charge a new owner, usually to the reserve fund, often a number of months of dues.
The packet the association prepares for a sale: what the seller owes, the budget, the rules and any assessment coming. Some states limit what it may cost.
Rebel HOA keeps each owner’s account and statements on one record.