What is the Brookhurst Village Homeowners Association and what does it do?

The Brookhurst Village Homeowners Association was established to enhance the maintenance and aesthetics of the community. The organization is financially supported by all members of Brookhurst Village Homeowners Association. Membership is both automatic and mandatory.

 

 

 

Who is the management company for Brookhurst Village, what do they do, and how do I reach them?

The management company is API Property Management. They are responsible for the day to day management of the Brookhurst Village Homeowners Association and report directly to the corporation's Board of Directors. The management company executes the decisions made by the Board of Directors.

 

 

 

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.

 

 

 

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.

 

 

 

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.