Documents
HOA Demand and Payoff Letters for Closing
The exact payoff to bring an account to zero at closing, with payment instructions and a good-through date.
What is a demand letter?
A demand letter (payoff demand) states the total amount required to clear a property's account with the association as of closing: outstanding dues, fees, interest, and per-diem charges where they apply.
Escrow orders it so the right amount is collected and remitted at closing. Terminology varies by state; in some markets this is folded into the estoppel.
What's included
- Itemized balance: dues, fees, fines, interest
- Per-diem accrual where applicable
- Good-through date for the payoff figure
- Remittance and payment instructions
Who orders it
Escrow officers
to collect and remit the exact payoff at closing
Title companies
to clear liens and association balances
Attorneys
payoff confirmation in disputed or delinquent accounts
Common questions
Demand letter vs estoppel letter?
Largely regional naming for the same job: a binding payoff statement. Your closing agent will know which your state uses; Havn offers both.
What if closing is delayed?
Order an updated demand. The good-through date tells you when the figures expire.
How fast can I get one?
Standard turnaround is set by the community, with rush options where offered.
Need a demand letter now?
Order online in minutes. Manage an association? Havn fulfills these for you, free to join.