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Do the projects legal documents include any restrictions on sale which would limit the free transfer of title i*e* Age Restrictions First Right of Refusal Continuing Care Retirement Communities other deed/income restrictions 4. Does the property operate as a Condo Hotel/Motel provide short term rentals or any type of hotel services Yes No If yes describe 5. Does the HOA own non-incidental business operations on the project such as a restaurant spa health club etc 6. Is project a timeshare have ...

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What are membership dues and assessments?

Dues are the fees members pay to operate the club for the year. The assessment is an expense shared among all the club members to pay for the loan used to make the pool code compliant, create a safer pool area, and make general cosmetic improvements.

What is a certificate of assessment in South Carolina?

A certificate of assessment is a written statement stating the status of homeowner dues and amounts to be collected at the time of closing. If you are in need of a certificate of assessment, please email your request to CAM@coastalassociation.net or fax to 843.663. 2045.

What is the California law for special assessment?

Special assessments may be levied by the board to cover unanticipated budget shortfalls or to raise funds needed for unforeseen repairs. The board may, without membership approval, levy a special assessment up to five percent (5%) of the current years budgeted gross expenses, subject to certain requirements.

What are dues and assessments?

Whereas dues are a recurring fee intended to pay for the day-to-day expenses of the HOA, assessments are a one-time fee typically meant to cover the cost of unexpected expenses. The calculation of monthly HOA dues takes place before the beginning of each year by making expense projections and factoring in the reserves.

What is the meaning of assessment fee?

Assessment Fee means the amount of money charged by a certified program to the Department or to an individual for admission assessment services. Sample 1Sample 2Sample 3. Assessment Fee means the fee that is collected from a Referred Merchant on behalf of the Credit Card issuer for a Transaction.

What is a prepaid assessment?

There are instances where some accounts may be Prepaid. Homeowners may choose to pay their assessments in advance. These assessments are therefore prepaid and still the property of the homeowner and not of the association.

What is included in most HOA fees?

HOA fees typically cover the costs of maintaining common areas, such as lobbies, patios, landscaping, swimming pools, tennis courts, a community clubhouse, and elevators. In many cases, the fees cover some common utilities, such as water/sewer fees and garbage disposal.

What is a certificate of assessment in Trinidad?

Obtain Certificate of Assessment - this application is made to the District Revenue Office to verify that the vendor owns the property and to identify WASA lines on the land.

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