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Who pays previous owner's service/sinking fund charge, is it the bank who owns the repossessed retirement property or new buyer?

We have already paid for the property in full and already signed the exchange contract. The bank surprised us by demanding that we refund them the full amount they paid to management of the retirement property the service/sinking fund charge . Is this legally correct ? This refund was not mentioned when they have accepted our offer for the property. The bank would not now sign the exchange contract unless we pay.
Kindly advise our rights. Thank you

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