Transfer fees?

The Board voted on a transfer fee of 300.00 for new people moving into our neighborhood. Anyone think this is a little high? I wanted to go down on it because I felt we should basically charge for copying all covenants, bylaws, a welcome packet, etc and this would be what this expense would be for, but apparently I wasnt agreed with. can someone tell me more about what a transfer fee is for in their opinion?

Thanks!
Setena

Do you feel the transfer fee is inappropriate or charge for copying of covenants, bylaws, welcome things, etc is? Thanks for the feedback. I appreciate it. If it is something we can use then thats great, I just want to make sure we are indeed correct in its uses.
Setena

From our Coventants

Initiation Fee. The first Owner of a Lot conveyed from the Declarant or an Approved Builder ("First Owner") shall pay to the Association an initiation fee in an amount equal to twenty-five percent (25%) of the annual assessment in effect for the current year. After the First Owner, any subsequent Owner, who acquires a Lot subject to mandatory membership in the Association, Inc. pursuant to the terms of this Declaration shall pay an initiation fee in an amount equal to twenty-five percent (25%) of the annual assessment in effect for the current year upon acquisition of the Lot.

The Board shall have discretion to increase the initiation fee by resolution of the Board; provided, however, the initiation fee shall not be changed by the Board without Declarant's consent so long as Declarant owns any property in the Community or fifteen (15) years from the date of recording of this Declaration, whichever comes first. Notwithstanding anything to the contrary herein, no initiation fee shall be due from any Person who takes title through foreclosure (or deed in lieu of foreclosure) upon the lien of any first priority mortgage covering the Lot and the lien of any secondary purchase money mortgage covering the Lot. This initiation fee shall be an assessment, which is the personal obligation of the Owner, and shall constitute a lien, which may be collected as provided in this Article.

Setena,
Each owner who bought into the developement when the developer was still in charge, was billed an automatic $300.00 which went into cost reduction to him for the infrastructure and Reserve funding. It still continues 7 years later and is put onto the closing cost papers of the new buyers eventho the Developer is now gone. It is a common practice as an association pays a MC or a secretary to list and register any new members. There is more paperwork than the average new owner knows of so some of this also is covering paperwork.