Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
HOA - Forcing Retrofit before Sale?
Hello,
So I am trying to sell my Condonunium within the end of this month. The HOA advised all owners that a earthquake retrofit is required for a owners in the complex. We were told that even if we were to sell the property, we would still have to pay for the earthquake retrofit costs which is near $20,000.
Can the HOA legally force us to pay for the retrofit even if we are in process of selling the condo or come after us after it has been sold?