Rajesh (Manager) 21 July 2022

Asked to pay a percentage of transfer value to AOA

I have recently sold my flat and now when I have asked my flat owners association about the maintenance NOC, they are asking me to pay 0.5% of my sale proceeds to the AOA. The decision has just been implemented in the GBM held on 27th March. Would appreciate if someone can help me with tye below question :
1- Who should ideally pay the cost, buyer or seller
2 - If the seller has to pay then am I liable to pay the transfer charges to the association since this decision was recently passed?

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Quick Summary

A seller is seeking clarification after their flat owners association (AOA) requested a 0.5% transfer fee based on the sale value. This fee was recently implemented following a GBM meeting. The seller wants to know whether the buyer or seller should ideally cover this cost, and if they are liable to pay it, given the decision was made after their sale agreement.