Read the Fine Print!
Sometimes developers will slip onerous language into their contracts or CC&R’s (Covenants, Conditions, and Restrictions) that force owners to pay fees whenever the property is sold. This story is not specific to San Francisco, but it does bring up a good point, always make sure you read what you are signing. Get copies of contracts or disclosures you are going to be asked to sign a day or two before you meet and actually sign. This is particularly true with new developments since they will use forms other than the standardized forms normally used by a realtor. Click Here to read the whole story in SFGate.