- Number of Units in the community: 33
- Dues: As of 2025, the dues are
- Homeowners can pay their dues at SaundersHOA.com or mail their payment to:
- Saunders HOA Management, LLC2806 Reynolda Rd MB # 223 Winston-Salem, NC 27106
- Please note this address will be changing as of Oct 2025
- The statement fee is for a real estate closing for refi. This covers our time to get the HOA statements and documents ready for the closing attorney. To initiate this process, please visit https://www.saundershoa.com ,
- property insurance
- Management company fees
- water, sewer
- allocation for maintenance costs
- common area electricity
- contract cleaning and trash removal (deposited at curb, city trash disposal fees are included in the owner's property taxes)
- alarm maintenance and monitoring
- roof inspections and minimal repairs
- HVAC quarterly maintenance for common areas
- cable for cloud storage of security camera activity
- accounting
- elevator emergency phone
- common area light inspections (including emergency fixtures) and bulb replacement
- natural gas
- postage and office supplies for the management company
- Insurance for personal items
- HOA does not cover anything inside the units.
Each homeowner must carry an HOA 3 policy that covers the inside of their property. Each homeowner needs to provide a copy of their insurance to the HOA.
• The Association must maintain on the common elements, covering all risks of direct physical loss, for at least 80% of the replacement cost
. For buildings with horizontal boundaries (like ours, as it's a condominium), this property insurance shall include the units, though it does not need to cover improvements and betterments installed by unit owners
• The Association must also maintain in reasonable amounts for death, bodily injury, and property damage arising from the common elements.
. Importantly, under the Association's liability policy for liability stemming from their interest in the common elements or membership in the Association.
, our Declaration explicitly requires specific insurance coverage for unit owners. This is found in the "Amendment to the Declaration of Condominium for One Park Vista Condominium," Section 11.7, "Insurance Obtained by Owners":
• Each Owner . This means coverage for things inside their unit, like furniture, electronics, clothing, and other personal belongings.
• Each Owner for bodily injury, including death of persons and property damage, arising out of a single occurrence
. This protects them if someone is injured in their unit or if they accidentally cause damage to another unit or the common elements.
• Owners may also obtain "such other insurance coverage as the Owner may desire".
• Each Owner
It's also critical to note the provision regarding in the "Sixth Amendment to the Declaration of Condominium," Section 11.1(a):
• If the Board determines that a Unit Owner's negligent action caused an insured loss, or withhold it from any insurance proceeds due to that Unit Owner
. This means that while the Association's master policy may cover the structural damage to a unit from an insurable event, if the unit owner's negligence caused that event, the owner could be responsible for the Association's deductible (up to $10,000.00, as stated for the Association's policy in Section 11.1). This is a key reason why unit owners should also consider an HO6 policy that includes loss assessment coverage to protect against this potential liability.
In simple, practical terms, every homeowner here at One Park Vista Condominiums needs to have:
• that covers their personal belongings inside their unit and also includes at least $100,000 in personal liability coverage.
• It would also be prudent for their HO6 policy to include to cover any portion of the Association's deductible they might be responsible for due to their negligence, as outlined in the Declaration.
The North Carolina Condominium Act, specifically G.S. 47C-3-113(f), confirms that "An insurance policy issued to the association does not prevent a unit owner from obtaining insurance for their benefit", which aligns perfectly with our Declaration's requirement for individual unit owner policies.
Meeting Date: First Monday of March each year
Quorum: 25% of the votes
The board can raise dues by any amount.
• After the executive board adopts a proposed budget, a summary of it must be provided to all unit owners [102, G.S. 47C-3-103(c)]. A meeting is then set for unit owners to consider ratifying the budget. [102, G.S. 47C-3-103(c)]. Importantly, there is no requirement for a quorum to be present at this ratification meeting [102, G.S. 47C-3-103(c)].
• If the proposed budget is rejected, the last ratified periodic budget will remain in effect until a subsequent budget is ratified by the unit owners [102, G.S. 47C-3-103(c)].
• The Board of Directors also retains the right, at their sole discretion, to levy if the originally adopted budget appears insufficient to cover all costs and expenses of condominium operation and management, or in the event of emergencies [246, Article 5.D.].
To access community documents, Click Here
4132 is the gate code for the gate off 4th st.