Guides · Assessments, fines and fees
What fees apply when I buy or sell a home here?
The management certificate lists fees tied to a property transfer. The Working Capital Assessment is $750.00. The Community Enhancement Fee is 0.25% of the transfer price. There is also a $30.00 fee for each returned payment.
The Master Covenant says the working capital assessment is paid once, by the buyer, each time title transfers. Until the Development Period ends, the Declarant sets the amount; after that, the Board does. The amount does not have to be the same for every lot.
That is a summary in plain words. The passages below are what the documents actually say, and they are the authority.
What the documents say
Working Capital Assessment - $750.00. Community Enhancement Fee - 0.25% of the Transfer Price
Amended and Restated Management Certificate, Item 8Read page 1 in the documentscan
Returned Payment Fee - $30.00 for each returned item.
Amended and Restated Management Certificate, Item 8Read page 1 in the documentscan
Each Owner (other than Declarant) will pay a one-time working capital assessment to the Association in such amount, if any, as may be determined by the Declarant, until expiration or termination of the Development Period, and the Board thereafter.
Master Covenant, §5.8Read page 34 in the documentscan
The working capital assessment hereunder will be due and payable to the Association by the transferee immediately upon each transfer of title
Master Covenant, §5.8Read page 34 in the documentscan
The Association may levy a charge of $25 for any check returned to the Association marked "not sufficient funds" or the equivalent.
Assessment Collection Policy, 1-ERead page 1 in the document
Related
This guide was written from the copies in this archive. Documents can be amended after they are recorded, and this is not legal advice; the recorded instruments at the Comal County Clerk are the authoritative versions.