answersLogoWhite

0

The correct term is estoppel letter. An estoppel letter is prepared and signed by the HOA that states any common charges or special fees that are due on a unit up through a certain, stated date. The party that requested it can rely on the amounts owed and the HOA is legally bound by the amounts listed. HOAs do charge a fee for providing estoppel letters.

User Avatar

Osvaldo Runte

Lvl 10
3y ago

Still curious? Ask our experts.

Chat with our AI personalities

BeauBeau
You're doing better than you think!
Chat with Beau
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve
RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa

Add your answer:

Earn +20 pts
Q: What is an estoppel fee?
Write your answer...
Submit
Still have questions?
magnify glass
imp