When a lot changes ownership, is the seller responsible for paying any outstanding assessments? When is the purchaser responsible?
The rule is that assessments are a charge and continuing lien on the lot involved. The purchaser will know the assessment payment status of a lot by seeing a letter from the treasurer of the Homeowners Association indicating if any are outstanding assessments. The split of responsibility for payment between the seller and purchaser of a lot may be subject to negotiation between the parties.
