You can locate the budget under the community info section of your online account located here.Īs the preferred way of accepting payments, we invite you to get started by creating your account below. You know you must pay an assessment, but do you know what this money is used for? Each association has its own unique rules and policies, so it is important that you read your community’s Covenants, Conditions and Restrictions (CC&Rs) and Bylaws to find out the specifics. Board members do not profit from HOA fees they are homeowners just like you and are obligated to pay assessments the same as all owners. Each year, the Board of Directors discusses the budget of the association based on the last few years’ spending trends, funding of the reserve or savings account, and planned projects for the upcoming year. HOA assessments (also known as “dues”) are set by the Board of Directors, who determine each owner’s share based on projected annual expenses. Payments are due either monthly, annually, semi-annually, or quarterly, depending on your community and their payment schedule. The services required to keep the common areas and shared amenities maintained are covered by your homeowners’ association fees, which each owner must pay.

By doing this you are working to maintain the appearance of your community which means that property values can not only maintain but can even increase over time. Once you become part of a common interest development or an HOA, you are required to share the costs of maintaining and operating your community’s common areas, equipment, and shared amenities.

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