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Frequently Asked Questions

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What are the annual Association fees?
The annual fees for FY 25  (July 1, 2024 to June 30, 2025) are $3,250.
These are payable in two installments due July 1 and January 1.
All units pay the same fees.
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What is the Master Insurance Policy?
The costs of the Master Insurance Policy are in addition to the annual fees mentioned above, and are different for each unit.  While not required, each unit owner may, at their own expense, purchase additional insurance for personal items.  You are urged to consult with your insurance agent regarding these issues.
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What is the Association's fiscal year?
The Association's fiscal year is July 1 through June 30.
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What do the annual fees cover?
Maintenance of the common areas and elements, including landscaping, repairs, exterior lighting, snow removal, water and sewer service, and gravel replacement.  Also included are management and legal fees, taxes and insurance.​​
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Does landscape maintenance include the patios and parking areas for individual homes?
No.  Patios, patio walls, stairs and enclosed gardens are designated limited common areas.  These are dedicated to individual units and are the responsibility of each unit owner.  Unit owners may engage contractors of their choice for landscaping, gardening, and maintenance.
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Are units maintained and repaired by the Association?
Each unit owner is responsible for the maintenance of their unit and the limited common area associated with it.  See the Exterior Maintenance page for more information.
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Are short-term rentals allowed?
Rentals less than 30 days are prohibited.  Owners may rent or lease their units for 30 days or more.  Compound Rules and Regulations must be made part of each lease agreement.  All rental or lease agreements must include the Condominium Lease Addendum, to be filed with the Managing Agent and the Association's attorneys.
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Does the Association have any role in the sale or leasing of units?
The Association is not involved in these activities, except as it relates to activities required by the documents.  Anyone wishing to purchase or lease a unit in the  Compound is encouraged to contact a qualified real estate or leasing agent.
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Does the Association charge a transfer fee when a unit is sold?
There are no transfer fees.  The Association issues its own Resale Certificate, and charges $100.  Any questionnaire from a financial institution (including refinancing applications) will also cost $100 to be completed.  Payment for these must be made in advance.
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Will the Association recommend or refer any tradespeople, vendors, or other workers?
The Association makes no recommendations or referrals of any kind.  Individual unit owners need to choose and contract workers and firms on their own.
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Where is trash deposited, and what about recycling?
There are two trash bins in the Compound; one is located to the west of unit one, and another to the east of unit 11.  These bins are emptied weekly.  Some unit owners use City-provided trash bins for curbside pickup.  All recycling is the responsibility of individual owners.
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Are satellite dishes allowed in the Compound?
Federal law states that satellite dishes cannot be prohibited. These dishes are highly visible to unit owners, since the Compound is built on progressive tiers.  They should be installed as unobtrusively as possible so that they cannot be seen by neighbors, or from driveways.  They can be placed between solar panels on units so equipped, below parapets, and in the corner of patios and courtyards.
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What is included in landscape maintenance?
Tending garden areas and green spaces, cleaning garbage sheds and driveway, maintaining the irrigation system, redistributing gravel, and leaf removal, all on a weekly basis.  Additional maintenance and snow removal are scheduled on an as-needed basis.
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Which common elements receive repair and maintenance?
Flagstone and cement stairs and walkway, stucco walls, tall trees, garbage sheds, storage sheds, fences and driveways all require routine periodic repair and maintenance.  The Managing Agent inspects the common areas and elements regularly.
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What are the cans on posts along the driveways?
These cans contain scoria, which is used to improve traction on walkways and driveway during winter.  Residents are also encouraged to use the scoria in their own driveways as needed, using the scoops that are provided.
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Where are the water/electric/gas meters?
These can be found using the utility maps here.  The maps show the location of the meters for individual units, and the location of the Compound's utilities as well.  Cleanouts are also shown on the maps.
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Where do guests park?
Here is the map showing locations for guest parking.   Parking is at a premium in the Compound, and owners and encouraged to be thoughtful in leaving spaces for others.
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Is the Compound approved for Federal Housing Administration (FHA) loans?
Yes, the  Compound is approved through January 24, 2028
The FHA ID# is D007670.

707 East Palace Avenue | Santa Fe New Mexico 87501

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