800 Two Forty Place, Oklahoma City, OK 73139 (405)-641-1772 Twofortyplacehoa@gmail
Click here to pay your HOA dues via debit card or automatic bank draft.
Payments received after the 10th of each month will receive a $25.00 late fee AND 1.5% interest will be added to your account. Paper
payments (money order, personal checks, cashier checks) received for payment of dues will be charged a $10.00 handling fee. Returned
transaction fee is $40.00. All card payments will be charged a 3% fee.
There are many maintenance issues in the community that are in the financial plan to fix.
(See financial plan at the bottom of this page.)
There are only 52 units to share the financial burden.
Despite a number of issues and hindrances, most HOAs are able to have a 70% funded reserve. While not at full capacity, 70% is a good level to maintain. This allows the HOA to fulfill its duties and responsibilities without compromising any needed expenses within the community. This community is currently 2% funded.
Contact us for further explanation of the monthly dues.
Contact us for further explanation of the HOA loan payment.
The sophisticated home buyer knows that the key to any successful real estate investment is its location and the quality of the property improvements.
Repair foundations of two buildings.
Install new siding for all buildings.
Install new gutters for all buildings on the front of the building and back of garage.
Install new porch lights for each unit.
Install new wall or fence around community.
Install gates at the entrance and exit of the community.
Install community camera system.
Install new sidewalk lights and add more where needed.
Repair all streets in the community.
Repair brick damage on buildings including exterior fire walls.
Explore options for community generator or a generator for each building.
Remodel cabana house to a functional community building.
Install swimming pool or other amenity.
Begin saving money to build reserve account to $1.5 million
Copyright © 2023 Two Forty Place Association - All Rights Reserved.