Our Homeowners Association monthly fee, also known as an HOA Assessment, pays for most expenses associated with owning a home. The amount of an owner's share of the collective expense depends on the allocated interest assigned to the unit (see Exhibit C of the Declaration). Contact the owner or realtor for the amount of the unit's monthly HOA fee. If you are leasing a unit, this cost is typically rolled into the monthly rent.
Costs covered by the monthly HOA fee:
- HVAC - heating and cooling
- Gas for fireplace
- Water
- Sewer
- Trash and recycling
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Common area costs, such as hallways, lobby, parking lot, and grounds, are also shared collectively. These expenses include:
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Electric
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HVAC
- Landscaping
- Elevators
- Parking Lot
- Fences and Gates
- Security Cameras
- Management Company
- Improvements
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Fire Safety: Sprinklers, warning system and smoke/carbon monoxide detectors; a fire extinguisher and fire alarm pull station on each floor.
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Maintenance and repair of all these systems.
Other Expenses a Resident Should Expect to Pay:
- Electric for the unit: lights, appliances, water heater, etc.
- WIFI
- TV
- Annual pet fee, if applicable
- Insurance: Homeowners Condo Policy or Tenant Personal Property coverage
- Owners Only: Maintenance and Repair of elements serving only an individual unit, such as the water heater, thermostat and Variable Air Volume which controls the temperature of air entering the condo. See the Declaration Article 8.3 and Article 23 for further information.
Information on this page is meant to provide a guideline and may not be all-inclusive.
