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

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Rainmaker
921,404
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
1,079,804
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

$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
1,496,195
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

$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
804,897
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; 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
Rainmaker
1,711,751
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
4,505,054
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 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
5,772,193
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Leanne,

$0.00

Dec 12, 2016 08:34 PM
Ambassador
4,984,841
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

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

Dec 12, 2016 08:22 PM
Ambassador
2,667,279
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - 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
5,094,420
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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
1,153,744
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
980,540
Jennifer Mackay
Counts Real Estate Group, Inc. - 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
5,054,140
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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

Dec 13, 2016 03:20 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Have never seen one!

Dec 13, 2016 03:17 AM
Ambassador
2,360,358
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

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

Dec 13, 2016 02:58 AM
Rainmaker
1,611,716
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

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

Dec 12, 2016 11:04 PM
Rainmaker
2,224,473
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
4,261,872
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

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

Dec 12, 2016 08:54 PM
Ambassador
3,727,519
Patricia Kennedy
RLAH@Properties - Washington, DC
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
688,161
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
2,320,203
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

we don't see them here in Maryland

Dec 12, 2016 08:05 PM
Ambassador
3,304,681
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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
1,029,475
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
6,261,021
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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
4,319,119
Praful Thakkar
LAER Realty Partners - 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
4,800,082
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
5,582,796
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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
4,433,977
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
1,714,601
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , 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
3,415,482
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area 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
5,099,516
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

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

Dec 13, 2016 06:03 AM
Rainmaker
1,828,885
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

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
4,776,790
Richard Weeks
Dallas, TX
REALTOR®, Broker

The is something we do not do in Texas.

Dec 13, 2016 05:29 AM
Rainmaker
7,671,863
Roy Kelley
Retired - Gaithersburg, MD

I do not recall even seeing one.

Dec 13, 2016 05:01 AM
Rainmaker
1,157,735
FN LN
Toronto, ON

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