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

EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi

Add your answer:

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