Each home is responsible to pay a monthly Community fee. The fee has initially been set at $180.00 per month. These funds will be used for professional property management to maintain private lawns, open green area, landscaping in the community, snow removal to maintain the clubhouse and pool, to provide for the exterior maintenance and essential replacement of the exterior elements of your home, insurance for the clubhouse, pool and association officers, and other community responsibilities and services the Board of Renaissance Village Homeowners Association feels are appropriate.
In addition, you will pay your homeowners insurance on the structure of your home, which is approximately $28.00 per month payable to the Association which will maintain a blanket insurance policy for all the homes at Renaissance Village. There is also a capital reserve contribution of $500 paid by each homeowner at settlement. This contribution helps to ensure that your community is in good financial health. Part of the monthly community fee and reserve contribution will go into a reserve fund to maintain sidewalks, driveways, roof replacement, exterior repairs, etc.