FAQs – Westbury Homeowners Association

In a resident-owned community, tenants form a non-profit business called
a corporation.
Each household is a Member of the Corporation and an equal owner of the land. As a group, the Corporation owns the land and manages the Community.
The Members continue to own their own homes individually.
There are many benefits to living in a resident-owned community, including control of monthly lot rent, repairs and improvements, lifetime security against unfair eviction, liability protection (Members are not personally liable for Corporation loans), and a strong sense of community.
Everyone has a say in the way the Corporation is run, and major decisions are made by democratic vote.

The Members elect a Board of Directors, which appoints committees to do different tasks and manage the day-to-day operations of the Association. Every member household has a vote on the ROC leaders and budget.
Cooperative Development Institute (CDI) provides the Board with a Management Guide and teaches Board Members effective ways to run the Association. This includes, but is not limited to, how to set up a financial record-keeping system and how to use resources to improve the roads, water, electric and waste-water systems.
In a commercially owned community, even though residents own their homes, the park owner controls the lot rent and the park rules. He or she also has control over the condition of the community – including roads, water, electric, waste-water systems and landscaping. Each time the community is sold to a new owner, the rent is likely to increase.
In a commercially owned community, the theory is that if you don’t like how the park is being managed, you can move your home. But “mobile” homes these days are not very mobile. Many homes could not withstand the move. Affordable lots are hard to find. If you live in a park without protection from skyrocketing rent or even park closure, you could be at risk to lose your home.
In a resident-owned community, if you don’t like how the park is being managed, you can run for a position on the Board of Directors and make improvements inside the Association.

Each Member household pays three charges.
The first is the Application Fee for each adult in the home.
The second charge is one-time Membership Fee. The Membership Fee is returned to the Member once they sell their home and relinquish membership.
The third charge is the lot rent that is collected monthly to pay for operating expenses like loans, taxes, insurance, trash/recycling collection, infrastructure, property maintenance and the Corporation’s mortgage payments.
Members have control over when and why our rent changes.

Currently, all our lots have homes on them.
If you are interested in purchasing a home and replacing it with a newer home, please contact us at Property Management Associates, Telephone (802) 860-3315, or Email : [email protected] For a listing of any homes that may be for sale.
Agree to terms with the seller of the home and sign a Purchase and Sales Agreement.
Second, immediately complete and submit a Membership Packet. The Board of Directors must approve new Members through an application process which includes criteria for Membership.
Third, if you require home financing, arrange for a loan as you would in any other community.
Finally, upon Board approval, payment of the Membership Fee, execution of an Occupancy Agreement, and a successful transaction with the seller, take the keys and start enjoying your new home and the stability and security that comes with living in a resident-owned community!

The Members elect a Board of Directors, which makes the day-to-day decisions. This way, decisions may be made efficiently and in the best interest of the group.
The Corporation contracts for certain management tasks (including rent collections, bill paying, snow plowing, septic tank maintenance, etc.).

You can sell your house as you would in any other community. When you sell your home, your Membership Certificate is bought back by Westbury Homeowners Association. The buyer of your home must become a Member of the Corporation and pay the Membership Fee up front, prior to moving into the home.

The Board of Directors consists of seven to nine Members who are in good standing with the Corporation.
Elections take place at an annual meeting each August.
Prior to the elections, the Board of Directors takes statements of interest for those interested in running for the Board.
Board members shall serve for a term of two years. No Director may serve for more than three consecutive two-year terms.
The Board of Directors is always looking for volunteers — there’s always a place for those who want to pitch in!

You can contact us by Email: [email protected] or give Property Management Associates a call at 802.860.3315.