top of page
Newtown Grant HOA

Newtown Grant Capital Contribution Amendment

Effective January 1st, 2025, Newtown Grant Homeowners Association has adjusted the Capital Contribution amount that a new buyer pays at settlement.  This amendment adjustment has no impact on any unit's overall value, tax assessment or what each unit pays in terms of association fees.  The adjustment only effects a buyer to which instead of paying ¼ of the yearly master association fees as a capital contribution at settlement, they now will be responsible for paying 100% of master association fee from the most recently completed fiscal year. 


For example, in 2024, the capital contribution amount for a buyer to Newtown Grant Master was $84.00 which is ¼ of the 2024 yearly master association fees of $336.00.  In 2025, the Capital Contribution amount for a buyer will be $336.00.  The increased revenue of the capital contribution for the master association will fund and offset future capital and reserve expense items.





 

0 comments

Recent Posts

See All

Commentaires


bottom of page