Home Buying in Brigantine>Question Details

Arthur Capon…, Real Estate Pro in Edgewater, NJ

Can the Dolphin Cove Homeowners Assn require a buyer to pay 3 months maintenance fees at closing without disclosing prior to the closing??

Asked by Arthur Caponegro, Edgewater, NJ Mon Dec 9, 2013

Help the community by answering this question:


Nothing illegal about it, and this is pretty normal

Only lenders and Realtors are subject to disclosure requirements as part of a real estate transaction.

With that being said, your realtor probably should have looked into this for you and clued you in that it was par for the course.
0 votes Thank Flag Link Tue Dec 10, 2013
Requiring 2-3 month's condo fees at closing by a condo association is commonplace, and most associations require this, but not all (depends on the condo complex). Regardless, it is not the association's responsibility to inform the Buyer - this is typically your Realtor's responsibility, or your Attorney's if you are not using a Realtor to navigate the purchase. It's termed "due diligence", and whomever you use to represent you during the purchase process, should find this out for you and advise you of whatever upfront fees are required by the respective association to purchase.

Hope this helps!
Flag Tue Jan 14, 2014
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