RobertB29 (Florida)
Posts: 10
Posts: 10
Posted:
Our board authorized by board vote a $250.00 application fee on the transfer of the property. This fee is being charged whether or not any document are copied and supplied to the buyer. I could understand a fee for preparing documents upon the Buyers request, but this is a general capital contribution fee and charged whether or not the HOA provides any document to the Buyer. I looked at both the HOA’s bylaws and Declaration of Covenants, Conditions and Restrictions (CC&R). Neither document state anything about a transfer fee due on sale.
The fee was imposed by an Administration Resolution of the Board of Directors.
When I look at the Declarations it states the board shall fix the annual assessment at an amount not in excess of the maximum. The Board may levy a Special Assessment if the 2/3 the members agree, the Board may impose a special assessment against an Owner for the cost to repair any damage or injury to the Common Areas caused by the Owner. But no where do I see the board has the right to impose a Transfer fee. Buyers are going to be upset to find out they have to pay a transfer fee that is not even in the Covenants or bylaws. In my opinion if the Board should raise the assessments and not impose special fees.
What is the opinion on a Board authority to impose such fees when they are not mentioned in the bylaws or Covenants?
Robert