Homes For Sale
Transfer Fee for Home Sale In Hamilton Grove
As part of our Covenants and Restrictions, we impose an additional 2 month HOA fee towards our Capital Fund. Currently this fee is $80.00
If the buyers or sellers have any questions, do not hesitate to contact Leann Miller, Association Manager for Hamilton Grove. Leann can be reached at 843-266-3907 or via email: firstname.lastname@example.org
Your closing attorney is required to provide you with a copy of the your Covenants and Restrictions, and you will sign that you have received them.
Working Capital Fund shall mean and refer to an Owner's share of the two (2) months annual assessments collected from the purchaser of each lot and transferred to the Association at the time of the closing of the initial sale of each Lot and at the time of the closing of each and every subsequent sale of each Lot to a third party, in the manner herein provided.
Section 6.8 Working Capital Fund
The Association may establish a working capital fund equal to the aggregate of two (2) months annual assessments (as described in Section 6.1 and 6.7 hereof) for each lot. If established, each Lot's share of said working capital fund shall be collected from the purchaser and transferred to the Association at the time of the closing of the initial sale of each Lot to a party other than the Declarant and at the time of the closing of each and every subsequent sale of each Lot to a third party, other than the Declarant. The working capital fund shall be used to meet unforseen expenditures or to acquire furniture, equipment, or services deemed necessary or desirable by the Board of Directors of the Association. All sums paid into the working capital fund are in addition to and not in lieu of regular assessments for common expenses.