S. Leanne Paynter ☼ Broward County, FL, Davie, Plantation, Cooper City & Weston Specialist (United Realty Group, Inc.)

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Rainer
496,665
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

A little community in Dunedin charges $350 for an estoppel for properties valued less than $100,000.

It seems the HOA has stumbled upon a profit center where the 'victim' is literally leaving town and will not be in place long enough to hold them accountable for this extortion..

Dec 13, 2016 04:24 AM
Rainmaker
538,207
Diana Zaccaro
Veterans Realty of Brevard - Cocoa Beach, FL

$250 was the highest I can remember. There is no typical amount here that I know of...it seems to vary according to the size of the association and who they use for CAM.

Joe Pryor Kathleen Daniels Candice A. Donofrio 

Estoppel fees were a contentious item in our legislative session in 2015. Here's an article from Florida Realtors on the subject.

http://www.floridarealtors.org/LegislativeCenter/TopInitiatives/estoppel-certificate-fees-Legislative-priorities.cfm

For more info, google "estoppel fees florida legislature" without the quotes.

 

 

 

 

 

Dec 12, 2016 08:05 PM
Rainmaker
502,552
Thomas J. Nelson, Realtor, CRS
Big Block Realty - La Jolla, CA
Co-Host of Mail-Right's: Real Estate Agent Podcast

$0.00

Estoppel documents are a standard part of the contract in CA on any tenant occupied property. It's a mandatory disclosure put upon the seller to provide and the sales agent to ask for on behalf of the investor.

Dec 13, 2016 05:37 AM
Rainmaker
395,660
Paul Antonelli
NextHome Antonelli Realty - Saint Cloud, FL
Broker Owner; NextHome Antonelli Realty

One community here it's $1500 but usually it's $250. to $350. depending on the community.

Dec 13, 2016 03:23 AM
Ambassador
892,199
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

In 27 years that number is 0 dollars and 0 letters. Is this a real estate test question in your state?

Dec 12, 2016 06:40 PM
Rainmaker
2,420,053
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

I've never seen a "letter" but I have seen the completed form from a tenant in transactions dealing with rental properties -- is that what you mean?   There has been no charges associated with this form in my experience.   Maybe this means something different in your area.    

Dec 12, 2016 11:49 PM
Rainmaker
2,929,237
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding and Marketing

Leanne,

$0.00

Dec 12, 2016 08:34 PM
Ambassador
2,941,811
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

I've not seen one here in CA. But we sure pay for those condo/HOA docs!

Dec 12, 2016 08:22 PM
Ambassador
1,621,392
Fred Griffin
Frederick Griffin, Exclusive Buyer's Broker - Tallahassee, FL
Licensed Florida Real Estate Broker

  $450 from an Ocala, Florida HOA.   Another reason to detest HOAs.

Dec 13, 2016 11:53 AM
Ambassador
1,738,785
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

In Charlotte and the surrounding areas, it's typically between $100 and $350 and since our Contracts have changed, it is now the seller's responsibility. I think HOA participants (homeowners) should be made aware of this extortion and put a lid on it! 

Yet another profit center for these management companies!

Dec 13, 2016 06:58 AM
Rainmaker
756,408
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I had asking prices of $375, however, have not paid more than $160 and more typically average under a hundred.

Dec 13, 2016 06:37 AM
Rainmaker
558,173
Jennifer Mackay
Keller Williams Success Realty - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I'm in Florida and have never done one or paid for one (11 years and counting)

Dec 13, 2016 05:17 AM
Rainmaker
1,636,333
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

I've not dealt with estoppel letters here in NC.

Dec 13, 2016 03:20 AM
Rainmaker
2,071,415
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Have never seen one!

Dec 13, 2016 03:17 AM
Rainmaker
874,308
Kat Palmiotti
Better Homes & Gardens Rand Realty, Monroe NY Real Estate, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I'm in NY and haven't seen one yet.

Dec 13, 2016 02:58 AM
Rainmaker
1,021,890
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

None so far and I'm in CA for 10 years. 

Dec 12, 2016 11:04 PM
Ambassador
2,130,052
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

In my rural area we don't deal with estoppel letters. I'm in Western Colorado. I hope this helps you. 

Dec 12, 2016 09:30 PM
Ambassador
2,184,909
Paul S. Henderson, REALTOR®, Broker, Tacoma Washington
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I've never have seen one in 18 years...

Dec 12, 2016 08:54 PM
Ambassador
3,578,123
Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

In 35 years, I've never even seen an estoppel letter.  Don't have a clue what one is.

Dec 12, 2016 08:48 PM
Rainmaker
112,610
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I learned about estoppel certificates for my real estate test and for decades never thought about them again. A couple of years ago this came up on a deal the brokerage was working through and I had to look it up to see what it was!  To answer your question- $0!!!

Dec 12, 2016 08:44 PM
Rainmaker
1,207,205
Lise Howe
Long and Foster - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

we don't see them here in Maryland

Dec 12, 2016 08:05 PM
Rainmaker
2,217,700
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

I have never seen an estoppel letter - no clue what one charges for one. 

Here we call that a Demand.  The escrow officer sends to the HOA managmeent company and their is no charge for their response.  

Dec 12, 2016 07:16 PM
Rainmaker
422,361
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Why would you have to pay anything for it?

Dec 12, 2016 06:41 PM
Ambassador
2,614,138
Bob Crane
Woodland Management Service - Stevens Point, WI
Forestland Experts! 715-204-9671

Fortunately that is one piece of legal paperwork that I will never need.

Dec 13, 2016 05:21 PM
Ambassador
3,106,218
Praful Thakkar
Keller Williams Realty - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

S. Leanne Paynter ☼ Broward County, FL - none! Not seen it in MA - or

Not seen it in MA - or maybe I am not aware of it.

Dec 13, 2016 03:28 PM
Rainmaker
3,426,898
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The highest I've seen is $300.  Typically it's around $100.

Dec 13, 2016 02:27 PM
Rainmaker
3,473,876
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

my niche was new homes.... and I don't remember anyone on the team who focuses on resale condos discussing this... 

Dec 13, 2016 12:19 PM
Rainmaker
3,328,027
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

 Of seen it.

Dec 13, 2016 07:43 AM
Rainmaker
1,148,800
Sandy Padula and Norm Padula, JD, GRI NMLS#1483386
Allison James Estates & Homes & Realty One - Carlsbad, CA
Presence,Persistence & Perseverance

Had one HOA demand close to $300. The buyer had to pay for it.

Dec 13, 2016 07:30 AM
Rainmaker
2,063,729
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Here in NH some are free of charge, some only $50 and some up to $300. It is always a good idea to ask before making an offer.

Dec 13, 2016 06:06 AM
Rainmaker
1,977,719
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Loaded question. Depends on the situation. In commercail it can get expensive. In residential seldom over $100!

Dec 13, 2016 06:03 AM
Rainmaker
1,174,134
Lyn Sims
RE/MAX Suburban - Northwest Suburbs of Chicago - Schaumburg, IL
Schaumburg IL Area Real Estate

We don't call them that in IL but I way $250 is the biggest rip off to date. I've heard up to $600 here on AR.

Dec 13, 2016 05:39 AM
Rainmaker
1,926,181
Richard Weeks
Dallas, TX
REALTOR®, Broker

The is something we do not do in Texas.

Dec 13, 2016 05:29 AM
Rainmaker
3,714,497
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

I do not recall even seeing one.

Dec 13, 2016 05:01 AM
Rainmaker
1,120,653
Marc Swartz, CPA, CA, Real Estate Broker
Royal LePage Vision Realty, Brokerage, Direct: (416) 737-9800, Office: (416) 321-2228 - Toronto, ON
Toronto, Durham & York Regions, Ontario, Canada

In Ontario, the term used is "Status Certificate" and is used for condos.  Ontario law regulates the charge which is currently $100.

Here is a general definition provided by the Canada Mortgage and Housing Corporation which is  owned by the Canadian government.

Estoppel Certificate or Status Certificate
Most jurisdictions require condominiums to issue information packages to prospective buyers. This package can contain the declaration, bylaws, rules and regulations, insurance information, reserve fund balance, other financial disclosures, legal description of the unit and management contract (if applicable). It may also include information about any legal filings or judgments against the condominium corporation, the possibility of common expense increases, special assessments or insurance claims, all of which could affect condominium fees.
Dec 12, 2016 07:59 PM