Capital Contribution
When 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 2024 the fee is $4,560.
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.
2024 Assessment + Capital Contribution
Annual Assessment | Capital Contribution (one time fee at settlement) | Total (Annual Assessment + Capital Contribution(s) |
Heritage Hunt HOA = $4,560 ($380/month) | $4,560 | $9,120 |
Heritage Hunt Condo I = $4,440 ($370/month) | $1,110 (Condo I) + $4,560 (HOA) | $10,110 |
Heritage Hunt Condo II = $4,260 ($360/month) | $1,080 (Cond0 II) + $4,560 (HOA) | $9,900 |