To obtain the DUCIOA Resale Certificate and other important information required for property transfers, please contact the Kings Creek HOA Treasurer at email@example.com
Kings Creek is what is known as a 'DUCIOA' community. DUCIOA is a Delaware law that requires sellers of homes in certain communities to provide the home buyers with specific information about the financial health and the rules and restrictions of the community, in the form of the 'DUCIOA Resale Certificate'.
The seller is responsible for paying the HOA a $200 fee to obtain the DUCIOA Resale Certificate and related documents. The buyer is responsible for paying the HOA a $100 Transfer Fee at settlement.
The Kings Creek HOA has first right of refusal on the sale of all properties in the community. The settlement office should contact the HOA to obtain a signed Consent to Sale and Waiver of Option to Purchase document.
New Owner Capital Contribution Fee Resolution
At the April 19, 2022 meeting of the board of the Kings Creek Homeowners Association, the board voted to adopt a “New Owner Capital Contribution fee” of $1000. to be collected from the purchaser of a property at closing. This fee is deposited directly to the HOA reserves account. The full restated resolution is available HERE.