MarleneP (New Jersey)
Posts: 7
Posts: 7
Posted:
If a homeowner sets up a family trust and transfers title of his home to the trust, would the association still have the right to charge a $1,000 "membership transfer fee"? The Master deed was amended to require that "successors in title shall be required to pay a one-time fee of $1,000," but this homeowner already paid the $1,000 fee when she first purchased the home. It doesn't seem right that she should have to pay it again because she transferred title to a trust. She still lives in the home and nothing else has changed. Aren't boards given the authority to grant waivers for special circumstances, if not specifically in the governing documents, then by the laws governing incorporation or common law? Thanks for any advice/comments.