This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
A demand letter is a formal, detailed statement issued by a homeowner association through its management company acting as its agent. The statement is provided to an escrow company in connection with the sale of the property or the refinance of the property.
HOA fees typically cover the costs of maintaining common areas, such as lobbies, patios, landscaping, swimming pools, tennis courts, a community clubhouse, and elevators.
A demand letter is a formal, detailed statement issued by a homeowner association through its management company acting as its agent. The statement is provided to an escrow company in connection with the sale of the property or the refinance of the property.
Basically, your balance is what you currently owe, and your payoff is what you owe plus interest that accrues from the statement date and a specific payoff date.