Contracts
In Tennessee, who is typically responsible for prorating homeowner association (HOA) dues at closing?
AThe HOA collects all dues directly from the buyer after closing
BDues are typically prorated between buyer and seller as of the closing date✓ Correct
CThe seller pays all dues for the full year in which the sale occurs
DHOA dues are always the buyer's responsibility from the listing date
Explanation
HOA dues are typically prorated between buyer and seller as of the closing date, similar to property taxes. The seller pays their share up to closing, and the buyer is responsible for dues from closing forward.
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