How Are Your HOA Dues Used?
A Homeowners Association, or HOA in Santa Clarita, is an organization that oversees planned communities, townhomes, subdivisions and condos. Each HOA will collect dues in order to finance the activities of the group, which includes repairs and maintenance of shared spaces, management services, events, meetings and insurance.
The primary role of your Santa Clarita HOA is to collect the dues that will pay for the repair or maintenance of common areas. An HOA common area includes tennis courts, playgrounds, swimming pools and green spaces that will need occasional repairing or regular maintenance. Additionally, townhouses that share roofs, laundry areas, yard space, walls and pluming will also have to be kept up and the expenses are paid by the funds collected by the HOA.
Paying for HOA repairs is a responsibility of each member of the organization. The dues that are collected are calculated in order to cover the recurring costs and help to create a reserve of funds for any expenses that are unforeseen or capital projects that may occur in the future including repairing damage that occurred from a flood, replacing of a roof or the resurfacing of a swimming pool.
The Santa Clarita HOA common areas are any type of place that can be used by all members of the organization, which means that each person has a responsibility to ensure these areas are properly maintained by paying required dues or fees. A HOA may also imply fees or fines for any rules that are broken by members or fees that are not paid. This money too goes into a reserve to maintain the common areas, or other expenses that the organization incurs.
National Property Management Group
28009 Smyth Drive
Valencia, CA 91355