Move-In Fee
A charge imposed on new owners or tenants when they move into a unit. Move-in fees cover potential damage to common areas during the moving process, such as elevator pads, hallway walls, and lobby floors. Some associations charge a refundable deposit instead of a non-refundable fee. The amount and terms should be specified in the governing documents or board resolution. Some states limit or prohibit move-in fees.
Frequently Asked Questions
Is an HOA move-in fee refundable?
It depends on how the association structures it. A move-in fee is typically non-refundable and covers administrative costs and potential wear and tear. A move-in deposit is refundable after inspection confirms no damage to common areas. Some associations charge both. Check your governing documents for the specific terms and amounts.