Annual Dues
What are the dues for 2024?
The dues for 2024 are $138.
When are OHA Dues due?
Invoices for OHA dues are mailed out in May and due annually every June 1st. If you have not received a bill for your dues by June 8th, contact the OHA. Further, OHA is not responsible for undelivered mail.
Where should my payment be mailed?
Payments for dues and all mail sent to the OHA should be sent to the below address:
Oakwood Homeowners Association
4 East Ogden Avenue, #313
Westmont, Illinois 60559
Must OHA homeowners pay dues to the OHA?
Yes, every homeowner in Oakwood must pay dues. This is established in each deed for OHA property and recorded by the DuPage County Recorders Officer.
How are the dues for the OHA established?
Each fall each committee chairman of OHA committee's prepares a detailed budget. The OHA Board of Directors reviews these budgets, in detail. The OHA Board insures that each committee's expenditures represent the plans of the OHA for the coming year. Dues are based on that final budget.
What if my home is in a trust?
If your property is actually owned in the name of a trust, your bill will be sent to the recorded address of your trustee until you notify us otherwise.
Are there penalties if I do not pay my dues?
The step the OHA Board has used to collect unpaid dues is established by the OHA CC&R's. These steps are below:
What if I do not pay a late fee?
As per the rules listed above, the OHA has to charge a late fee of thirty dollars if a dues invoice is paid late. The invoices are due on June 1st; however, the OHA does not assess the late fee until he invoice is overdue by 15 days or more. The late fee must be paid. If an OHA member pays the original invoice but not the late fee, then the late fee is retained on the OHA records. Due to the small amount, the OHA only send out statements on unpaid late fees once a year and assesses interest on the late fee twice a year. All clearance letters for homes with unpaid late fees include the late fee amount. This fee must then be paid prior to closing on the home.
The dues for 2024 are $138.
When are OHA Dues due?
Invoices for OHA dues are mailed out in May and due annually every June 1st. If you have not received a bill for your dues by June 8th, contact the OHA. Further, OHA is not responsible for undelivered mail.
Where should my payment be mailed?
Payments for dues and all mail sent to the OHA should be sent to the below address:
Oakwood Homeowners Association
4 East Ogden Avenue, #313
Westmont, Illinois 60559
Must OHA homeowners pay dues to the OHA?
Yes, every homeowner in Oakwood must pay dues. This is established in each deed for OHA property and recorded by the DuPage County Recorders Officer.
How are the dues for the OHA established?
Each fall each committee chairman of OHA committee's prepares a detailed budget. The OHA Board of Directors reviews these budgets, in detail. The OHA Board insures that each committee's expenditures represent the plans of the OHA for the coming year. Dues are based on that final budget.
What if my home is in a trust?
If your property is actually owned in the name of a trust, your bill will be sent to the recorded address of your trustee until you notify us otherwise.
Are there penalties if I do not pay my dues?
The step the OHA Board has used to collect unpaid dues is established by the OHA CC&R's. These steps are below:
- A late charge of $30 dollars is applied to all payments received by the OHA after June 15. This is two weeks past when the payment is due.
- Interest is applied to the unpaid balance from June 15 until it is paid. The assessment shall bear the maximum allowable interest rate as set forth in the Oakwood By-Laws and by the state of Illinois.
- All clearance letters for homes with unpaid balances will include details of the owned debt. Lending institutions will not mortgage or refinance homes until this debt is cleared. A lien will be recorded with the DuPage Recorders Officer for each home with an unpaid balance.
What if I do not pay a late fee?
As per the rules listed above, the OHA has to charge a late fee of thirty dollars if a dues invoice is paid late. The invoices are due on June 1st; however, the OHA does not assess the late fee until he invoice is overdue by 15 days or more. The late fee must be paid. If an OHA member pays the original invoice but not the late fee, then the late fee is retained on the OHA records. Due to the small amount, the OHA only send out statements on unpaid late fees once a year and assesses interest on the late fee twice a year. All clearance letters for homes with unpaid late fees include the late fee amount. This fee must then be paid prior to closing on the home.
Don't hesitate to email the treasurer if you have further questions.
