Each time a change of ownership occurs within the community, a $500 transfer fee is collected. This transfer fee is split between the management company and the HOA. A $1,000 working capital fee is also collected each time a change of ownership occurs, and this full amount goes directly to the HOA to help fund the reserves. If you are a prospective buyer, Realtor, lender, or with a title company and need to request closing information, please visit dfloydassoc.com/resources.
If you are an investor that may wish to rent out your unit, please carefully read the 1st Amendment on the Governing Documents page. The rental ratio is currently at capacity, and new owners wishing to rent out their units must first get on the rental waitlist. The maximum renter to owner-occupied ratio permitted is 40%. Each time this ratio drops below 40%, one homeowner comes off of the waitlist and has the opportunity to rent out their unit. The ratio only drops if a rental unit is sold or if an owner moves back into a unit that was previously used as a rental.
Brentwood Pointe II is FHA approved through 6/11/2023.
