HOA Transfer Fee in Idaho

Question:

Can a HOA or their management company charge a $500 property transfer fee to new owner in 2023?

– Linda

 

Answer:

Hi Linda,

Yes, a transfer fee is a common fee that HOAs charge to new homeowners. However, make sure that the HOA’s governing documents reflect the HOA’s authority to collect this fee.

Here is a resource you might find helpful: https://www.cedarmanagementgroup.com/hoa-initiation-fees/

 

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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