Common use of HOA/Other Entity Fees Clause in Contracts

HOA/Other Entity Fees. Due Upon Change of Ownership. Some HOA’s, special improvement districts and/or other specially planned areas, under their governing documents charge a fee that is due to such entity as a result of the transfer of title to the Property from Seller to Buyer. Such fees are sometimes referred to as transfer fees, community enhancement fees, HOA reinvestment fees, etc. (collectively referred to in this section as “change of ownership fees”). Regardless of how the change of ownership fee is titled in the applicable governing documents, if a change of ownership fee is due upon the transfer of title to the Property from Seller to Buyer, that change of ownership fee shall, at Settlement, be paid for by: [ ] Seller [ ] Buyer [ ] Split Equally Between Buyer and Seller [ ] Other (explain) . The provisions of this Section 4.3(c) shall survive Closing.

HOA/Other Entity Fees. Due Upon Change of Ownership. Some HOA’s, special improvement districts and/or other specially planned areas, under their governing documents charge a fee that is due to such entity as a result of the transfer of title to the Property from Seller to Buyer. Such fees are sometimes referred to as transfer fees, community enhancement fees, HOA reinvestment fees, etc. (collectively referred to in this section as “change of ownership fees”). Regardless of how the change of ownership fee is titled in the applicable governing documents, if a change of ownership fee is due upon the transfer of title to the Property from Seller to Buyer, that change of ownership fee shall, at Settlement, be paid for by: [ ] Seller [ ] Buyer [ ] Split Equally Between Buyer and Seller [ ] Other (explain) . N/A. The provisions of this Section 4.3(c) shall survive Closing.

HOA/Other Entity Fees. Due Upon Change of Ownership. Some HOA’s's, special improvement districts and/or other specially planned areas, under their governing documents charge a fee that is due to such entity as a result of the transfer of title to the Property from Seller to Buyer. Such fees are sometimes referred to as transfer fees, community enhancement fees, HOA reinvestment fees, etc. (collectively referred to in this section as “"change of ownership fees”"). Regardless of how the change of ownership fee is titled in the applicable governing documents, if a change of ownership fee is due upon the transfer of title to the Property from Seller to Buyer, that change of ownership fee shall, at Settlement, be paid for by: [ ] Seller [ [X] Buyer [ ] Split Equally Between Buyer and Seller [ ] Other (explain) . The provisions of this Section 4.3(c) shall survive Closing.

HOA/Other Entity Fees. Due Upon Change of Ownership. Some HOA’s's, special improvement districts and/or other specially planned areas, under their governing documents charge a fee that is due to such entity as a result of the transfer of title to the Property from Seller to Buyer. Such fees are sometimes referred to as transfer fees, community enhancement fees, HOA reinvestment fees, etc. (collectively referred to in this section as “"change of ownership fees”"). Regardless of how the change of ownership fee is titled in the applicable governing documents, if a change of ownership fee is due upon the transfer of title to the Property from Seller to Buyer, that change of ownership fee shall, at Settlement, be paid for by: [ [X] Seller [ ] Buyer [ ] Split Equally Between Buyer and Seller [ ] Other (explain) . The provisions of this Section 4.3(c) shall survive Closing.