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RobertR1 (South Carolina)
Posts: 5,164
Posted:
I suggest we make this a separate posting. Several excellent view have been expressed of a different thread.

It is something that all should consider, so if anyone uses this procedure, how about telling us about it. I could support something like that.
I like the idea of the seller paying because in our regime we have had a lot of appreciation. A little of that appreciation could be from our attempt to keep the property up. In fairness this is a contribution that the present owners make and they should receive some reward, so to speak. But there is two sides to that pancake, as always.
In the chance that someone does this, how about a posting of that section from your CC&R's.
GeraldT4
Posts: 1,022
Posted:
RobertR1 - In my HOA it is each buyer, not seller, that pays a one-time contribution of $300.00 to the association used for working capital. The appreciation you speak of is funded by the owners. My opinion is they should not be double taxed by contributing again to what they already put in and then some.
DonnaS (Tennessee)
Posts: 5,671
Posted:

I have to agree with you on this one Gerald. Owners pay all along to support the association and I remember paying the 1 time hefty fee to the Developer when we first came into the association. He put that money in the Reserve fund, of which I will never get benefit from as I sold that property long before any of it was spent.

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