To better understand the responsibilities and expectations for both owners and the Association, we encourage townhome owners to review the service area setup and governing documents.

 

Website Members can access these documents in the Master Association - Recorded Documents drop-down section of the Governing Documents webpage. (These documents are also available on the Smartwebs Resident Portal in the Document section of the Member’s profile view.)

 

 

The Townhome Service Area documents outline and define the:

• Owner’s insurance requirements
  ( Insurance Requirements or section 2. Insurance-Owner in either Subordinate Declaration)

• Owner vs Association repair/replacement responsibilities
  ( Attachment 1 in Notice of Service Area #2 - Lookout Tree Townhomes)

• Landscaping services
  ( Exhibit“A-1” in Notice of Service Area #2 - Lookout Tree Townhomes)

• Irrigation ownership/responsibility
  ( Exhibit “A-1” in Notice of Service Area #2 - Lookout Tree Townhomes)

• Party wall information 
  ( section 1. Party Walls in either Subordinate Declaration)

Each TH is subject to the monthly Master assessment amount, as defined each year by the Master Board of Directors.

 

As a member of the Service Area (SA), each TH owner is also subject to a monthly contribution to the SA reserve fund, with the amount calculated based on the most recent TH Reserve Study recommendations and allocated by the number of units.

The SA reserve fund is used to pay for the services outlined in Attachment 1 and Exhibit “A-1” of the Notice of Service Area. 
 

Calculating Monthly TH Assessment Amounts policy. 

The Monthly TH Assessment Amount includes:

• the monthly master assessment amount, defined for the year by the Master Board of Directors
• the monthly TH Reserve Fund contribution amount, calculated as described in the Calculating Monthly TH Assessment Amounts policy. 
  
  

Section 1. Party Walls in each Subordinate Declaration states:

 

Section 2. Insurance-Owner in each Subordinate Declaration states:

 

 

• The owner must have current, valid, & comprehensive homeowner’s insurance for the unit.
• Insurance must be for an amount that covers the unit (including foundation and structure) at 100% replacement cost.
• The Board may set a minimum amount for townhome insurance.
• The Board may request proof of insurance from owners, with proof required within 10 days.
• The Association does not purchase or maintain homeowner insurance for any part of a unit, unless not provided/verified by the unit owner.
• If an owner does not meet insurance requirements or does not provide proof of insurance:
  • The Association may purchase the required insurance for the property
  • The Association will apply the cost of the insurance, and any related expenses, to the owner’s account for reimbursement.
  • If the cost of insurance purchased by the Association is not reimbursed in a timely manner, the Association has the right to collect, including by lien and foreclosure.

Attachment 1 of the Notice of Service Area defines the maintenance responsibilities for the Association:

 

Note: These services are paid from the Service Area Reserve Fund, which is funded by owner contributions that are calculated as described in the Calculating Monthly TH Assessment Amounts policy. If, for any reason, the Service Area Reserve Fund is insufficient for a Service Area expense, the Master Board of Directors may levy a Special Assessment on Service Area owners for the purposes or fulfilling the Service Area Agreement. 

Exhibit “A-1” of the Notice of Service Area defines the following landscape services as Association responsibility: