Sale Information
Now
that we have gone to ownership of our lots, the following should
be adhered to concerning sales of cabins/lots where you already
have a deed in hand.
| 1.
It is a “normal” real estate transaction covered
by various real estate laws |
2. You must fill out two (2) Sales Validation Questionnaires
(SVQ) |
| |
a.
One for the appropriate County |
| |
b.
One for KHA |
3. You must notify KHA of the following: |
| |
a.
Names, addresses, emergency phone numbers, proof of new owners
liability insurance (minimum of $250,000) and email addresses
of purchaser |
4. An “initiation” fee or transfer fee of $100 must
be paid to KHA at closing |
5. A copy of the recorded identical deed of both counties
with the register of deed's stamp of the new owner’s
property must be sent to KHA |
|
6. No lot shall in any way be subdivided.
|
All
of us, including realtors, should remind potential owners to know
about and read the “Homeowners Association Declaration of
Kahola” and the “Declaration of Protective Covenants
and Restrictions of Kahola”. All newcomers should be well
acquainted with the various covenants of the Association. Please
click on the .PDF files below for any clarification of the covenants
and the rules of the association. These Covenants can also be
found at either the Chase or Morris County Courthouses.
If
you do not have a deed in hand, (you have not purchased initially),
then we recommend you go through Lyon County Title to do the closing.
They are familiar with what needs to happen to both counties and
can serve you well.
