Capital ContributionWhen a non-condo unit is purchased, a one-time Contribution to Working Capital fee is assessed at settlement. The Heritage Hunt HOA fee is currently equivalent to 12 months of monthly assessments. For 2020 the fee is $3,720.
When a condo unit is purchased, two separate one-time contributions to Working Capital fees are assessed at settlement: one to the condo association and one to the Heritage Hunt Homeowners Association. The condo capital contribution fees are currently equivalent to three months of monthly assessments. See below for a breakdown of Assessments and Capital Contributions
2020 Assessment + Capital Contributions
|Annual Assessment||Capital Contribution (one time fee at settlement)||Total (Annual Assessment + Capital Contribution(s)|
|Heritage Hunt HOA = $3,720 ($310/month)||$3720||$7440|
|Heritage Hunt Condo I = $4,080 ($340/month)||$1020 (Condo 1) + $3720 (HOA)||$8820|
|Heritage Hunt Condo II = $3,780 ($315/month)||$945 (Condo II) + $3720 (HOA)||$8445|