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HOA & Condo Associations

Home Owners and Condo Association Management Services

Terra Properties, Inc has been providing Community Association Management since 1984.  Our team provides personal service to Homeowners’ Association officers and members.  Our Community Association Manager can assist you with budgeting for both capital expenses, as well as reserve accounts; billing and collection of association dues; negotiating services contracts and insurance coverage; and planning of both Board and Membership meetings to meet Illinois State statute guidelines.


Director’s Fiduciary Duties

Terra Properties takes the burdens of Association Management off the hands of the Board of Directors and Membership.  Terra will efficiently and meticulously manage the following tasks:

Professional Maintenance of Association Property

Accounting

  • Accounts Payable & Receivable
  • Billing & Collection of Dues and Assessments
  • Maintenance of Reserve Accounts

Preparation of Monthly and Annual Financial Reports including:

  • Annual Budget
  • Income Statement
  • Balance Sheet
  • Tax Return, including Submission

Contract Negotiation and Project Management

  • Landscaping
  • Insurance
  • Pool Maintenance
  • Snow Removal
  • Special Projects or Capital Improvements

Annual HOA Reporting to Government Agencies

Associations managed by Terra

  • Cedar Tree
  • Villas of Pine View
  • Ginger Creek Townhouses
  • Willow Creek
  • PlazaTownhouse
  • Plaza North
  • Park Avenue
  • Villas of Country Club
  • Floral View
  • Villas of Ginger Meadows
  • Faith Countryside Homes-life leasers