Deer Run Homeowner Association Fees

The Association Fees are the primary source of funds available for the Association homeowners to corporately maintain the Association’s common elements.

The Association Fees are divided into two parts:

Part one is a transfer of 12% from Association Dues into a General Reserve Fund each month. The General Reserve is a fund maintained for the cost of long-term repairs and replacements–Capital Improvements. Examples include major pool renovations, street resurfacing, major tennis court resurfacing, and clubhouse renovations.

Part two, the remaining 88% of the Association Fees, are to cover the operating expenses of the Association such as: insurance on the outside structure of each home as well as common areas, professional fees, taxes, trash removal, general maintenance, grounds maintenance, sprinkler system repairs, water, pond maintenance, snow removal, repair of common streets and walks, clubhouse, pool and tennis court expenses. A report that covers the entire budget and expenses is provided to the homeowners. The Property Manager will provide interim reports.

The Association Fees are determined by the percentage of ownership each owner has in the total condominium property. This ownership is calculated on the gross square footage of the home, which includes the garage, basements, and finished attics.

The Re-roofing Reserve Fund was established on January 1, 2004, with a starting sum of $350,000. The Reserve Fund sum earns interest. This money is attached to the home, not the homeowner, and stays in the account until the roof is replaced the first time. The money will help defray the homeowner’s cost of re-roofing. It cannot be used for roof repairs. Contact the Property Manager to obtain the current amount available in your home account.

If, for any reason, a homeowner becomes delinquent in his/her fees, the Association has the right to charge late fees, file a lien, and, if necessary, foreclose on the property.

Fees are based on square footage, including garages and basements.

Fees cover the following:

Trash pickup
Maintenance of most streets and curbs
Dead/overgrown tree removal
Grass mowing, trimming, edging
Grass fertilization
Tree trimming
Insect spraying of all trees and bushes
Insurance on the outside of the home to the drywall
Shrub trimming twice a year
Snow removal
Pond maintenance
Irrigation of front yards
Maintenance of the swimming pool, tennis courts, and clubhouse
Maintenance of the walking paths
Maintenance of the pole lamps in front of the homes
Contract with Towne Properties for management

The homeowner is responsible for maintaining:

Condo insurance for the inside and contents
Re-roofing the home (with a partial amount in escrow one time for each home)
Replacing driveway and front walk and porch
Maintaining decks, patios, and privacy brick walls
Weeding, fertilizing, and maintaining plantings adjacent to the home
Replacing plantings surrounding the home when necessary
Mulching
All exterior maintenance (e.g. painting, windows, roof repair)

Late Assessment Payments:

The following will be the standard method for the Property Manager to handle late payment of the monthly assessment fees and any penalties and liens levied by the Deer Run Owners’ Association Board of Managers through their Property Manager:

Any payment not received by the 10th day of the month in which that assessment was due is late, and a late fee of $25 is applied. It is the homeowner’s responsibility to make the regular assessment fee payment and late fee before the next assessment is due. The Property Manager will not issue an invoice for the late fee. It is still due and payable. The late fee charges will accumulate at the rate of $25 per month until the entire balance is settled in full.
After the third month of assessments and late fees remaining unpaid, the Property Manager will be directed to place a lien on the home.
The Property Manager has been instructed to place a lien immediately on any property that is offered for sale with any home fees in arrears.