What Do Association Fees Pay For? - Hales Property Management

Abstract

What exactly do association fees cover? An association fee is a periodic charge that owners of units in a residential development must pay to the homeowners' association. Why Do Association Fees Exist? The primary reason for existence of an HOA is to keep up the appearance and value of the property. Association fees help to keep property values high by ensuring that the common areas are well-maintained. Utilities In some cases, association fees also cover utilities for common areas such as lighting in hallways or pools. Management Fees Management company's work closely with the Association's board of directors to carry out their requests and directives, as well as help the residents with their day to day inquiries. As you can see, there are many different things that association fees pay for. If you are looking for a reliable and experienced property management company to handle your association fees, contact us today.