Living In City Homes
City Homes is a residential condominium community containing 45 residential homes. Since attached living is a unique experience that relies on the mutual cooperation of all to be successful, we wanted to provide you with some information about what you can expect when living in a homeowner association (HOA) building.
There are many positive aspects of residing at City Homes, as HOA living offers an increased sense of community, and provides residents the opportunity to build relationships with neighbors. Unlike a single-family residence, the burden of coordinating general maintenance of the building is the responsibility of the HOA, which lightens the “to do list” for individual owners.
If living in a HOA building is new to you, it can be a big life change. To help ease the transition, here are a few things you should know below:
What to Expect Living in a Homeowner Association
At the first Annual General Meeting, three homeowner association members from
City Homes will be elected. The council’s responsibility is to create bylaws for the buildings and manage the process for operations of the buildings overall, with the assistance of the property manager.
Bylaws are rules of the building which are set by each HOA member. Bylaws act as guidelines for residents of the building. Examples include, changes residents are permitted to make to their home, restrictions on size or number of pets allowed per unit etc. The HOA has the ability to take action against any resident who contravenes an approved bylaw. This can include a written warning, fines or legal action.
Each owner will be charged a monthly fee known as a homeowner association fee. This fee covers the maintenance of the services and amenity spaces offered in the building. This includes insurance, landscaping, repairs and general maintenance, etc.
The property manager assists the HOA with its tasks. The HOA has many duties such as the maintenance of the common areas, preparing budgets, collecting strata fees, securing insurance, maintaining required records and enforcing bylaws. These tasks involve complex knowledge of local and federal legislation, financial and accounting principles, contract law, building maintenance etc. The property manager is a valuable asset for the HOA as a whole.
Being A Good Neighbor
Unlike living in a single-family home, your neighbors live in close proximity to you. Loud noises will disturb your neighbors and vice versa. Some noise in a condo building is normal and to be expected, and neighbor’s acting in consideration of one another can reduce irritants and allow everyone to have a positive experience in their home.
Learn more about living in the City Homes HOA building in your Homeowner Guide which will be located in your new home at Settlement.