Easy answer. Your agent, the seller and the closing attorney is supposed to inform buyers of the existence of the HOA and the fees associated with it for those living in the subdivision. From what I've seen during the past 9 months since we terminated the former property management company, the attorneys reach out to the property management company to find out if any money is owed on the property so that it can be taken care of at or before the closing date as well as any initiation fees. At your closing, the new buyer is supposed to be provided a copy of the governing documents by the seller or the closing attorney, NOT the property management company. After closing, your closing attorney is supposed to contact the property management company and provide a copy of the new owner's warranty deed in addition to a payment for the initiation fee for the new owner. While I have received numerous requests for information on properties, I have RARELY been provided with a copy of the warranty deed after the closing which is necessary to update the owner of record. As to why the HOA Board does not send you a welcome letter upon your purchase, it's not a requirement that it does so. HOWEVER, I like that idea and in future, will do so for new buyers that I am informed of. I'll also remind closing attorneys to let the buyers know about the HOA and that they can get the documents from the VPHOA website. Thank you for your question, Mr. Cook.
Easy answer. Your agent, the seller and the closing attorney is supposed to inform buyers of the existence of the HOA and the fees associated with it for those living in the subdivision. From what I've seen during the past 9 months since we terminated the former property management company, the attorneys reach out to the property management company to find out if any money is owed on the property so that it can be taken care of at or before the closing date as well as any initiation fees. At your closing, the new buyer is supposed to be provided a copy of the governing documents by the seller or the closing attorney, NOT the property management company. After closing, your closing attorney is supposed to contact the property management company and provide a copy of the new owner's warranty deed in addition to a payment for the initiation fee for the new owner. While I have received numerous requests for information on properties, I have RARELY been provided with a copy of the warranty deed after the closing which is necessary to update the owner of record. As to why the HOA Board does not send you a welcome letter upon your purchase, it's not a requirement that it does so. HOWEVER, I like that idea and in future, will do so for new buyers that I am informed of. I'll also remind closing attorneys to let the buyers know about the HOA and that they can get the documents from the VPHOA website. Thank you for your question, Mr. Cook.