Sunriver has several condominium complexes, each one has it’s own covenants, conditions and rules (CC&R’s), each has a Home Owners Association (HOA) which assess a fee. Most HOA fees are paid on a quarterly basis, the amount of these fees can make a difference on deciding if you can or want to afford a condominium.
Each of the HOA’s in Sunriver have their own management or have hired the management to a company. There are generally yearly meetings to review the business of the previous year and the future. It is very important when considering purchasing a condominium that you know as much as possible about the HOA.
Fees can be changed from time to time and often your Realtor will not know this. If a HOA has voted to major repairs throughout the complex it is often paid for by raising the HOA fee. When you write an offer on a condominium the period of time for the CC&R”s and preliminary title report are even more crucial than a home in Sunriver. This document should tell you who manages the HOA – you should be contacting that HOA and double checking the HOA amount, a copy of the last year’s meeting minutes is often times very helpful. Neither of these are generally provided to you without asking for them.
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