Does the $500 fee include gratuitous transfers?

[lehrsj]

I was wondering if the new $500 transfer fee includes gratuitous transfers. Does anyone know?

 

[erionm]

I was wondering if the new $500 transfer fee includes gratuitous transfers. Does anyone know?

This question was asked at one of the annual condo meetings and the answer was no.

 

[lehrsj]

Thanks.

 

[SL6827]

Could someone sell their contract to say a relative under gratuitous transfer, and just pay recieve funds directly from the realitive? By passing ROFR?

 

[Sandisw]

Could someone sell their contract to say a relative under gratuitous transfer, and just pay recieve funds directly from the realitive? By passing ROFR?

That would no longer be a gratuitous transfer and you’d be signing documents saying funds are not part of it.

So, the answer is no, and of course, we don’t allow discussion of ways to skirt the rules and in this case, potentially the law.