Sun, 12 Sep 2010

Resale Fees That Only Developers Could Love

Greed knows no bounds...

A growing number of developers and builders have been quietly slipping “resale fee” covenants into sales agreements of newly built homes in some subdivisions. In the Dupaix contract, the clause was in a separate 13-page document — called the declaration of covenants, conditions and restrictions — that wasn’t even included in the closing papers and did not require a signature.

(link) [New York Times]

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