ReneeP3 (South Carolina)
Posts: 42
Posts: 42
Posted:
We amended our covenants in 2016.
New Covenants states:
All the number lots on the recorded plat shall be subject to an annual maintenance charge or assessment at the rate not to exceed one hundred seventy-five dollars ($175.00) per year. The first assessment of $175.00 shall be due and payable on January 1, following the date the deed is delivered to the Purchaser of a lot in the subdivision from the XXXXXXXXX Homeowners Association, and thereafter shall be due and payable in advance on each and every succeeding January 1.
Does this mean what I think it does, that the first assessment isn't due until the HOA sells me my lot?
New Covenants states:
All the number lots on the recorded plat shall be subject to an annual maintenance charge or assessment at the rate not to exceed one hundred seventy-five dollars ($175.00) per year. The first assessment of $175.00 shall be due and payable on January 1, following the date the deed is delivered to the Purchaser of a lot in the subdivision from the XXXXXXXXX Homeowners Association, and thereafter shall be due and payable in advance on each and every succeeding January 1.
Does this mean what I think it does, that the first assessment isn't due until the HOA sells me my lot?