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 2023 the fee is $4,260.
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
2023 Assessment + Capital Contributions
|Annual Assessment||Capital Contribution (one time fee at settlement)||Total (Annual Assessment + Capital Contribution(s)|
|Heritage Hunt HOA = $4,260 ($355/month)||$4,260||$8,520|
|Heritage Hunt Condo I = $4,440 ($370/month)||$1,110 (Condo I) + $4,260 (HOA)||$9,810|
|Heritage Hunt Condo II = $4,260 ($360/month)||$1,080 (Condo II) + $4,260 (HOA)||$9,600|