A homeowners association, also known as a Planned Unit Development (PUD), is the non-profit entity under which community governance structure is established and operated. Associations are established with the intent of protecting the community assets instituting prudent physical and financial maintenance practices. Decisions concerning association operations are made by a volunteer Board of Directors elected by the community residents during the annual membership meeting.
As the Board of Directors is comprised of volunteers, it is generally a good idea as fiduciary for an entire group of homeowners to hire a managing agent specializing in homeowners association operations. Professional management firms possess knowledge of changing legislation affecting non-profit corporations and understand fiscal as well as physical management requirements of these entities. The scope of services provided by a managing agent will vary based on the needs of each homeowner association. Contractual management duties may include preparation of financial statements, collection of dues, coordination with maintenance vendors, bid and proposal acquisition.
All persons owning a unit or lot within the Village Park community automatically become a member of Village Park Community Association and are required to pay the monthly assessment. Non-payment could result in a lien against the home.
The monthly dues assessment covers the operation, maintenance and repairs for which the Association is obligated, per the Covenants, Conditions, and Restrictions (CC&R’s). Items such as insurance, taxes, water, electricity, landscaping services, street sweeping, janitorial and even pest control are just a few of the items covered by dues. Dues also cover the funding of reserves which are applied to future repair or replacement of major components for which the Association is responsible, such as roofing, painting, and street repair in a condominium development. A budget summary is mailed to each homeowner on an annual basis outlining where dues are spent.
Please make all checks payable to Village Park Community Association and mail it to
Village Park Community Association
c/o Keystone Pacific Property Management, LLC
PO BOX 513380
Los Angeles, CA 90051-3380
Yes! Keystone has a recurring autopay where we debit your checking or savings account on the desire day of the month. If you’re interested, ‘please head over to Keystone Connection homeowner portal linked at the top of the page and under Payments > Recurring Payments.
If you need assistance with setting up your recurring payment, you can reach out to our Client Experience team by phone or email.
Tel: (949) 833-2600
Email: reconnect@keystonepacific.com