Property Owner's Rights and Responsibilities
Membership in the Landen CSA provides both rights and responsibilities including:Participation in Association affairs by attending meetings, volunteering time on a Committee or Board, and voting for Board candidates
|Use of all common areas within the appropriate guidelines. |
|Voting rights in the Association.|
|Participation in Association affairs by attending meetings, volunteering time on a Committee or Board, and voting forBoard candidates.|
|Access to all Association records.|
|Financial obligations for all assessments and fees.|
"The HOA gives continuity to the community, it preserves the architectural integrity and it maintains the common properties. Properly run, it promotes the community concept and protects the community’s property values."
—The Homeowners Association Manual
Just as any other organization, HOAs have operating expenses. These expenses are met by the assessments paid to the association each year by the homeowner. Landen CSA fees are based on the value of your home as determined by the Warren County Auditor’s office, multiplied by a millage factor established in the original governing documents. These fees may vary from year to year, but a relatively accurate estimate can be made using the previous year’s assessment. The Landen CSA fees cover such expenses as:
|Landscaping and grass cutting on the common areas. |
|Maintenance and repair of the common area amenities such as the lake, ponds, hiker/biker paths and green space.|
|Garbage collection on common property.|
|Management, accounting and legal fees.|
Property owners, as members of the Landen CSA, have the right to review all financial and accounting records and documents and to verify expenditures made by the Association.
If you have any further questions about HOAs, details about our fees or a question on something you have read in this document, please contact our property management company, Towne Properties, and they will be happy to assist you.
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