The apartment owners association wants to impose a fee when a member sells his flat. Is it legal?

Fizzy Homes Forum Forums Real Estate The apartment owners association wants to impose a fee when a member sells his flat. Is it legal?

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    • #1201 Reply

      fizzyhomes_admin
      Keymaster
    • #1203 Reply

      fizzyhomes_admin
      Keymaster

      If your association has been in existence for quite some time, it is very genuine that the charges might have undergone a revision.

    • #1205 Reply

      fizzyhomes_admin
      Keymaster

      The fee that an apartment owners association can charge when the member sells his flat is called Transfer fee. But when the apartment owners association will provide you with the NOC ( No Objection Certificate) then you do not have to pay the transfer fee. Before you sell the flat all the pending dues should be paid but if there are any pending dues then the apartment owners association cannot provide you with NOC.

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