VEHA IS AN HOA INDIVIDUALLY OWNED TOWNHOMES 20192020 MONTHLY ASSESSMENT 175 The Associations CCRs require prompt payment of Assessments The Association has the authority to enforce collection throu ID: 867051
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1 VEHA MONTHLY ASSOCIATION DUES VEHA IS
VEHA MONTHLY ASSOCIATION DUES VEHA IS AN HOA, INDIVIDUALLY OWNED TOWNHOMES 2019 - 2020 MONTHLY ASSESSMENT - $175 The Association’s CC& R’s require prompt payment of Assessments. The Association has the authority to enforce collection through various legal means. (See attached Delinquency Policy) VEHA consists of individually owned TOWNHOMES. Properties are NOT condominiums. Homeowners must obtain their own individual homeowners insurance. VEHA expenditures are for common property land/buildings. No coverage is provided to any home or homeowner’s property. All lots are 60 ’ X 32 ’ ; homeowners are responsible for anything inside this area . Expenditures covered by current assessment: Maintenance of the: • Common area lighting • Common area fencing • Irrigation (common area water lines & sewer to property) • Common area landscaping • Swimming Pool & Clubhouse • Interior streets / Shared easement street Expenses for: • Administrative costs including VEHA property taxes, leg al fees, CPA fees • Common area landscaping • Common area electricity • Insurance for Common Areas and Clubhouse • Management fees • Water / Trash / Sewer What is NOT covered and is the responsibility of the Homeowner: • Homeowner’s Insurance – VEHA IS NOT A CONDOMINIUM PROPERTY • Exterior maintenance of your home including stucco, fencing, garage doors, v e gas • Roof and parapet repairs • Balcony or front door overhang maintenance • Landscaping in front of your front fence to the street including the care and maintenance of any trees, shrubs, or plants. • Plumbing or root extraction due to vegetation planted by you or any previous owner . • Trimming of tree s and shrubbery on your property. • Removal of trees on your property. • Disposal of limbs, shrubbery, weeds – this is not the responsibility of our landscapers . • Cleaning behind the utility fences as mandated by PNM . • Damage caused to common property o r another homeowner(s) property. VEHA Assessment Expen ses, 2019