Condominium Fees

Monthly Condominium fees:

  • Due the 1st…………………………………….$310
  • Late fee if paid after the 15th……………$25
  • Payable to “Cornerstone Condominium Homeowners’ Association (CCHOA)” on the 1st of the month and either…,
      • Electronic Funds Transfer (EFT) detailed below OR
      • Check or money order by USPS mail to:
        Cornerstone Homeowners Association II
        P.O. Box 802
        Draper UT 84020
      • Make Payment Here
  • Includes paying for …
    • Water, sewer, and exterior plumbing
    • Community power
    • Community landscaping and snow removal
    • Maintain unmodified sidewalks, steps and porches
    • Roads/Streets/Drives/Open Parking
    • Unmodified roofs
    • Unmodified building exteriors
    • Cornerstone Community Center
    • Routine weekly unit garbage pickup and monthly dumpster service
    • HOA operations
    • A contingency fund for unexpected costs
    • Building the reserve for long-term capital replacements, e.g., roofs and roads

Reinvestment fee:

There is a $300 reinvestment fee payable to the HOA when unit ownership changes. Whether the buyer or the seller pays this fee is decided during the sale of the condo.

  • Funds website charges to …
      • Update community resident listings
      • Update community maps
      • Update community website

Monthly Overflow Parking or Recreational Vehicle space fee.

  • Standard width space: ……………………$30
  • Wider (1.5x) space #12: ……………………$45
  • Late fee: ……………………………………$20

Cornerstone Community Center private use fees.

  • If food or drink served except individually packaged snacks and plain water:  $50
  • Refundable cleaning deposit: ………………$200

Returned Check Fee ………………………………$25

Speeding Fines (speeds in excess of 15 mph)…$25-$250

HOA document violation fines……………….$50-$500

  • Fines as defined in Section VII of the Rules and Regulations levied for violations of the CC&Rs, Bylaws, and/or Rules & Regulations

Special assessments:

  • Provided for in HOA documents as needed
  • Every effort made to avoid them
  • Only applied once since construction in 1990’s
      • To replace roofs (now planned for in monthly fees)

Other owner expenses include:

  • Unit electricity
  • Unit natural gas
  • Internet, TV, and phone
  • Appliances
  • Interior surfaces
  • Cabinets and Furnishings
  • Maintenance and HOA-approved modification
      • Unit and garage doors and interiors
      • Patio and its gate and fence