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HOA Transfer Fee

Definition of term

An HOA transfer fee is a charge assessed by a homeowners association when property ownership changes hands. HOA transfer fees cover the costs of processing the transfer, such as administrative fees and updating records. The HOA transfer fee can vary depending on the HOA's policies, but it is typically a few hundred dollars. Buyers typically pay the HOA transfer fee at closing.

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555 Marriott Dr., Suite 315,

Nashville, TN 37214