QUESTION

What is a Home Owners Assoc entry fee?

Asked on Dec 13th, 2012 on Real Estate - New Jersey
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1 ANSWER

Elder Law Attorney serving Toms River, NJ
Partner at Diana L. Anderson
2 Awards
Some Homeowner's Associations charge a fee when you move in, like a one time "initiation" fee or fee for joining to become a member.  Its a way to raise extra revenue.  This should not be part of the monthly or annual assessment, and is usually a set fee for all occupants.
Answered on Dec 14th, 2012 at 8:52 AM

Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship

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