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The annual maintenance fee is
determined each year by the Tanglewood Homes Association (“THA”) board
of directors in connection with approval of the annual budget. For 2010,
the annual maintenance fee is $1050 per lot. On or about December 1 of
each year, invoices for annual maintenance fees are mailed to property
owners. Maintenance fees are payable in advance and are delinquent after
January 31. A late fee of .5% per month (6% annually) is charged on all
unpaid balances after January 31.
For the period 1999-2008, THA has collected 100% of the annual maintenance fees billed to property owners. It is anticipated that THA will achieve 100% collection of the 2009 maintenance fees in 2010. Property owners
who have not paid their annual maintenance fees will receive a letter
from the THA board extending an invitation to appear before the board to
explain why the annual maintenance fee has not been paid. If the
maintenance fee is not paid subsequently by the date stipulated by the
board, it has the right to engage an attorney to file suit against the
property owner. Should an attorney be engaged to collect the annual
maintenance fee, the property owner will be liable not only for the
annual maintenance fee, but also for attorney’s fees as well, which can
be as much or more than the annual maintenance fee. The Board will
aggressively pursue collection action against any property owner whose
account becomes delinquent to meet its stated goal of collecting 100% of
the maintenance fees in the year for which they are assessed.
THA maintains a first or prior-lien position to secure collection of its
annual maintenance fee. THA will not subordinate its first-lien
position. However, upon request and as an accommodation, THA will issue
a letter agreeing to give notice of non-payment of the maintenance fee
to the lender 60 days prior to its pursuing legal remedies against any
delinquent property owner.
In connection with the sale, refinance, or equity loan, THA charges a
$50 fee for supplying requested information to the title company,
updating owner and lender information in THA’s property owner database,
and issuing 60-day letters. This fee typically is collected by the title
company and remitted to THA as part of the closing.
Many contracts to sell property now require the seller to provide a
Resale Certificate to the Purchaser because all property in Tanglewood
is subject to mandatory membership in THA. When requested by the
property owner or his/her agent, the requisite information required by
the resale certificate will be provided upon receipt of a $150 fee paid
by the property owner or his/her agent. In lieu of providing the
Resale Certificate and accompanying documents, THA will allow the
purchaser to review all of the requisite documents in the THA office
during normal working hours at no charge. |
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Helpful Numbers |
| Emergency |
911 |
Security
Dispatch |
713-513-7700 |
Security
Patrol Car |
713-628-9191
(Mobile Phone) |
Business
Office |
713-781-1642 |
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