Mama Liz's Real Estate Tips of the Day-
Posts written for AgentOwned Realty's agents & shared with
the public to increase overall awareness of real estate rules, regulations, & issues.
Mama Liz says
Page 5 of SCR310 (Agreement/Contract: To Buy & Sell Real Estate (Residential), Section 22 Adjustments has two significant sentences.
Special Assessments approved prior to Closing shall be the responsibility of the Seller.
Special Assessments approved after Closing shall be the responsibility of the Buyer.
Almost all condo homeowners associations have special assessments. Subdivision HOA’s can have special assessments also.
You MUST be sure that you know if there are ...