what is a capitol contribution fee ?

Asked by Tom, Fri Feb 6, 2009

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This question is about this property: http://www.trulia.com/property/1070352091-45203-Delaire-Land…

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Edmund Choi, Agent, Paoli, PA
Fri Feb 6, 2009
A "capital contribution" is a one-time charge normally associated with the transfer of title on a property that is part of a condo or homeowners association. It is normally paid at settlement to the association and is usually deposited into the capital reserves to fund future maintenance items. Good hunting!
Web Reference:  http://PhillyandBeyond.com
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Terrence Cha…, Home Owner, Allentown, PA
Fri Feb 6, 2009
Capital Contribution is a one time "initiation" fee, if you want to call it that, to get into some communities which is paid for by the buyer.

Hope that helps.

Terrence Charest, e-Pro®
REALTOR®
Century 21 Associates
905 Easton Road
Willow Grove, PA 19090
Cell (Preferred): 877.614.1494
Office: 215.659.5250
Fax: 215.659.5550
tcharest@HomesForFreedom.com
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