Annual HOA Fee Payment

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There is a registered Encumbrance in favour of SBHHA on land titles of houses and condos in the designated Springbank Hill Homeowners Association area that requires owners to pay the SBHHA fees on a yearly basis. The Encumbrance enables a charge against the owners' properties to secure payment of the fees. The funds collected are used for general year-round maintenance and upkeep of common property in our community.

 

PLEASE REVIEW MAP OF THE PROPERTIES INCLUDED IN OUR ENCUMBRANCE (SPRINGBANK HILL HOMEOWNERS ASSOCIATION).

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Any payment received is firstly applied to outstanding interest and collection costs (if any) and then to the oldest charges on your account. The Encumbrance further states that fees not paid when due will bear interest at a rate of Prime plus 5% per annum calculated and compounded monthly and that debtors are liable for all costs incurred by SBHHA in relation to collection of the outstanding fees.

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SBHHA has implemented a BILLING & COLLECTION POLICY.

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- The due date for HOA annual fees is April 30.

- For owners with email addresses on file, invoices for the HOA annual fees are emailed on March 1.

- The email will contain a REVIEW AND PAY NOW button for invoice payment.

- For owners without email addresses on file, invoices for the HOA annual fees are mailed the first week of March.

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- Outstanding accounts must be paid via our legal counsel.

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How to pay HOA fees (where there are no outstanding fees or interest owing):