HOA Watchers Homeowners Associations: Self Governance at its Best and Worst

Our HOA is looking to impose a transfer fee on resales payable to the HOA. .5% was floated which, for a $500,000 resale, would come to $2,500. This got some pushback (4 emails) so the vote currently going on is to have two months of HOA fees be the transfer fee which, for 2027, would make it $960. Voting is currently 30 for with another 29 needed to get to the 67% target.

The argument the HOA board is putting out there is that these fees are prevalent and the charge proposed is reasonable. But are they and is it?

That’s the headline from an nj.com article laying out how New Jersey lawmakers tend to fix things they see as requiring their attention. For example, among their ideas: