In 2019, the Georgia Association of Realtors took steps to make sure that all Homeowner Association fees are fully disclosed to the buyer. The contract states that any HOA fee that isn’t disclosed properly will be paid by the seller. This keeps the buyer from being surprised at closing with unexpected fees.
HOA management companies have many fees in many names: move-in fee, move-out fee, capital contribution, initiation fees, administrative fees, to name just a few.
No matter how complex the fee structure is from the Homeowner Association, it is the seller’s responsibility to accurately disclose the fees on the contract.
Real estate agents who have been surprised by unexpected fees enjoy working with closing attorneys who do not have hidden fees and who will work to be sure their clients don’t wind up owning extra money at closing.