💬 Join us to post & get advice from 50,000 HOA & Condo leaders.

Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in

JenniferM9 (California)
Posts: 42
Posted:
It is becoming pricey for us to put the required information together when a unit is being sold. We are considering charging a fee to title companies for the HOA packages.

Do any of you do this, and if so, how much are you charging?

Thanks!
TimB4 (Tennessee)
Posts: 21,059
Posted:
If and what you may charge typically depends on your State laws.
My State limits the cost to the actual expense of putting the information together (printing, copying, postage, etc.). For us, this is $100 (we actually print books with all the governing documents in it and then copy minutes and other info).

Since this is typically a requirement for the seller (who would be a member of the Association) the cost becomes part of the Assessment. We actually request payment up front but our State law requires us to make it part of the closing costs if that is the sellers wish.

Per Davis-Stirling.com California allows The association may charge a reasonable fee for the association's actual cost to procure, prepare, and reproduce the requested items.

Tim

EW4 (West Virginia)
Posts: 95
Posted:
Our HOA charges the cost of printing and postage. The charge here is $50.00. If the perspective buyer actually purchases the home they will have access to all community documents via our community website.

🎯 You've read this entire discussion

Join the conversation with 50,000 HOA & Condo Leaders:

  • ✓ Ask follow-up questions
  • ✓ Share your experience
  • ✓ Get expert advice
  • ✓ Access 350,000 discussions
Create Free Account →

⚡ Takes 30 seconds

Already a member? Log in here