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<p class="MsoNormal">I think I misunderstood and I agree with Mr. Krismer.<br>
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<p class="MsoNormal">I think consideration, as relief from debt, is defined more narrowly than future obligation to pay HOAs and property taxes. As long as the Grantor is not getting out from any current obligations to be paid, like back HOA dues or property
taxes, already due and owing, then it can still be a gift, if the other elements of the WAC are met.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Kailei <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Vladimir Script";color:#1F497D">Kailei B. Feeney</span><b><span style="font-size:16.0pt;color:#1F497D"><br>
</span></b><i><span style="font-family:"Garamond",serif;color:#1F497D">Attorney-at-Law<o:p></o:p></span></i></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524E">3909 California Avenue SW<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Kary Krismer<br>
<b>Sent:</b> Wednesday, March 17, 2021 3:04 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> Re: [WSBARP] REETA<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p>I don't understand why that wouldn't be a gift. I don't think motivation for the transfer goes to the issue of whether or not it's a gift.<o:p></o:p></p>
<p>The thing that might trip you up is the debt against the property, but it sounds like the property is probably unencumbered. Check out the WACs regarding gifts and debt if it is encumbered.<o:p></o:p></p>
<pre>Kary L. Krismer<o:p></o:p></pre>
<pre>206 723-2148<o:p></o:p></pre>
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<p class="MsoNormal">On 3/17/2021 2:28 PM, Marvin Benson wrote:<o:p></o:p></p>
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<p class="MsoNormal">HI <o:p></o:p></p>
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<p class="MsoNormal">This must be a really stupid question. Here goes: Deed of real estate condo unit for zero dollars. Seller just wants relief from future association dues and assessments. Therefore not a gift. <o:p></o:p></p>
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<p class="MsoNormal">What will treasurer accept on the REETA?<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Marvin Benson<o:p></o:p></p>
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<p class="MsoNormal"><br>
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<pre>***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<o:p></o:p></pre>
<pre><o:p> </o:p></pre>
<pre>_______________________________________________<o:p></o:p></pre>
<pre>WSBARP mailing list<o:p></o:p></pre>
<pre><a href="mailto:WSBARP@lists.wsbarppt.com">WSBARP@lists.wsbarppt.com</a><o:p></o:p></pre>
<pre><a href="http://mailman.fsr.com/mailman/listinfo/wsbarp">http://mailman.fsr.com/mailman/listinfo/wsbarp</a><o:p></o:p></pre>
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