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Per Reston Deed Section V.12(b), each purchaser of a lot shall pay to the Reston Association at the time of settlement a “Transfer Fee” initially in the amount of two hundred and ninety-seven dollars ($297.00). Funds from these fees, at the discretion of the Board of Directors, shall be used for any expenditure incurred by the association.
Within twelve months (12) months of the date of settlement on a lot, a purchaser may request, by completing the application. Application for Transfer Fee Credit, a credit in the amount of that year’s Transfer Fee, which shall be applied against the next fiscal year’s Annual Assessment rate if, the purchaser can show written proof that at the time of purchase he:
Purchasers are to send their completed application for Transfer Fee Credit to the following address:
Transfer Fee Credit Request
12001 Sunrise Valley Drive
Reston, VA 20191-3404
Any Transfer Fee Credit Request received after twelve (12) months of the date of settlement shall not be considered and shall not be eligible for credit against the next fiscal year’s Annual Assessment rate.
For more information contact Reston Association’s Financial Services department at Financial_Services@reston.org.