If the seller fails to give this notice, the seller is liable to the buyer for the amount of the impact fee.
Read MoreFAQ Category: Impact Fees
When is the Impact Fees disclosure due?
The notice must be provided to the buyer before the property is conveyed.
Read MoreWho must provide the Impact Fees disclosure?
A seller who has knowledge of the impact fee must give written notice to the buyer, including the amount of the impact fee and the name of the local government imposing the fee.
Read MoreWhat is the purpose of the Impact Fees disclosure?
The seller of any property must give notice of any impact fees that may be imposed upon the buyer.An impact fee is a charge imposed by a local government on new development (i.e., the construction,reconstruction, redevelopment, conversion, alteration, relocation or enlargement of any structure whichincreases the number of service units) […]
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