1. What is the Royal Ridge HOA and what does it do?
The Royal Ridge HOA was established to enhance the maintenance and aesthetics of the community. The organization is financially supported by all members of Royal Ridge HOA. Membership is both automatic and mandatory.
2. Who is the Royal Ridge HOA management company, what do they do and how do I reach them?
The management company is responsible for the day to day management of Royal Ridge HOA and report directly to the corporation’s Board of Directors. The management company executes the decisions made by the Board of Directors.
3. If I am having a problem with a neighbor or a violation of the Policies and Guidelines. What can I do?
If residents cannot resolve a situation between themselves, then turn to your Association. Should you have a situation that does not appear to be resolved through neighborly means, and you are willing to actively participate in the enforcement provided by the Rules and Regulations, you may complete a violation report form and forward it to the Management company. If the situation is deemed in violation of the Policies and Guidelines, the Board of Directors will institute the enforcement policy. Your continued assistance may be required as noted on the form.
4. Are Board Meetings open to all residents? If so, where and when are they held?
Yes. Notice of the time and place of any regular board meeting will be noted in your monthly billing statement. Currently meetings are held the 4th Wednesday of every other month at the office of the Management company. Board meetings begin with Homeowner Forum at followed by the regular business meeting.
5. If I want to serve on a committee, how do I find out what committees are active and how I can get involved?
Contact the Management company. They will inform you of the status of current committees organized, and provide you with a form you may fill out to indicate your interest. Additionally, information on the current status of the committees are contained on the Community Profile page of this web site.
6. What is a “management company” and what do they do?
A management company is contracted by the Board of Directors to provide such services as: Collection of assessments, supervision of subcontractors, obtaining bids for subcontracted services, providing financial statements and collection reports, as well as a general clearing house for problem solving, communications with homeowners and the Board of Directors and to serve in an advisor capacity. The Management company reports directly to the Board and all decisions are made by a majority vote of the Board of Directors.
7. What is my assessment?
The assessment is the monthly amount due from each homeowner to cover the operating expenses of the common area and provide for reserve funds for replacement of common facilities in future years. Your assessments are due on the first of the month. Statements will be sent for assessments as a reminder of the amount due.
8. How is the amount of my assessment determined?
The California Department of Real Estate requires a budget from the developer for each community that a developer proposes to build. This budget is set up on specific guidelines for utilities, landscaping, administration, etc. Reserve funds are monies set aside for future expenses due to the life expectancy of certain items: lighting, street resurfacing, pool equipment, etc. These amounts are then divided by the number of units built in a given phase of the development. Subsequent budgets are developed by the Board of Directors.
9. Will my assessment go up?
There is no concrete answer to this. The California Civil Code provides for annual increases, but not to exceed 20 percent plus a 5% special assessment per year without the vote of the membership. The Board of Directors may approve an increased budget, increasing your assessment up to this percentage in order to cover increased costs of operating and maintaining the common area and sufficient reserve funds.
10. What happens if I don’t pay my assessment?
The maintenance and management services incurred by the Association are dependent upon timely receipt of the assessments due from each homeowner. Late payments will result in a late charge as assessments are due on the first of the month. In addition, the CC&R’s allows the Association to charge late charges and interest and proceed with a lien on your property, or foreclosure proceeding for nonpayment of assessments.
11. What are the CC&R’S?
The Covenants, Conditions and Restrictions (CC&R’s) are the governing legal documents that set up the guidelines for the operation of the planned community as a nonprofit corporation. The CC&R’s were recorded by the County recorder’s office of the County in which the property is located and are included in the title to your property. Failure to abide by the CC&R’s may result in a fine to a homeowner by the Association.
12. What are the Bylaws?
The Bylaws are the guidelines for the operation of the nonprofit corporation. The Bylaws define the duties of the various offices of the Board of Directors, the terms of the Directors, the membership’s voting rights, required meetings and notices of meetings, and the principal office of the Association, as well as other specific items that are necessary to run the Association as a business.
13. What is the Board of Directors?
The Homeowner’s Association is a corporation and therefore a governing body is required to oversee its business. The Board of Directors is elected by the homeowners, or as otherwise specified in the bylaws. The limitation and restrictions of the powers of the Board of Directors is outlined in the Association governing documents.
14. Where are the Board of Directors meetings held?
First Team Real Estate office,8028 Santa Ana Canyon Rd., Anaheim.