<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
HOA Software
By CondoAssociation.com • August 2, 2021

Can association require capital contributions for buyers at closing?

Can a condo association require when selling a unit that the buyer must pay a capital contribution at closing of $1,500 as a non-refundable contribution paid by the buyer going into a special account to fund capital improvements and/or repairs. This is not in our docs but could be added to the sales application. Is anyone doing this?

Please drag open the comment box from right bottom corner to make it larger.

Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.
Visit Our Sponsors
Condo Management Software
new 300x500_surety-one-ad-border

Blog by Topics

See all

Subscribe Here!