Introduction to Private Transfer Fee Covenants Private Transfer Fee Covenants (PTFCs) are provisions included in property deeds that stipulate a fee payment to a designated party every time the property is sold or transferred. These fees are typically calculated as a percentage of the property’s sale price and are paid to the original developer, builder, … Read more
Introduction to Private Transfer Fee Covenants Private transfer fee covenants (PTFCs) represent a specific type of financial arrangement emerging in real estate transactions, particularly in Colorado. These covenants are contractual agreements that require a buyer of a property to pay a fee upon the transfer of ownership, which is typically a percentage of the selling … Read more
Introduction to Private Transfer Fee Covenants Private Transfer Fee Covenants (PTFCs) are contractual agreements that impose a fee on the transfer of real property. These fees, typically mandated by developers or property owners, are collected when a property changes hands. The rationale behind PTFCs is to create a revenue stream for the entity imposing the … Read more