Good Collection Practices Protect Lifeblood of Community Associations

Assessments are the lifeblood of every community association. For most associations, it is the sole source of income to pay for common expenses. Therefore, having tools and good practices to maximize collection of assessments are vital not just to survive and thrive, but to avoid unwanted special assessments and/or debt.  It is the obligation of owners to pay assessments. It is one of the characteristics that define an association. There is no right to opt out or offset, and there are few defenses to not paying, save for not having tools to collect or good collection practices.     Read the article……………


Related Articles

Nevada Supreme Court Clarifies Limits to its SFR Investments Decision

On June 22, 2016, in Wells Fargo Bank, N.A. v. Premier One Holdings, Inc., the Nevada Supreme Court rejected this

CAI Rebuts Misleading Opposition Arguments to Senate Bill 1282

CAI’s Pennsylvania Legislative Action Committee (PA LAC) has been supporting legislation (Senate Bill 1282 / House Bill 1101) which would

MI Ct. of App. Rules that Condo Assn. is Not Entitled to Notice of Surplus Funds From Foreclosure Sale

In Moon Lake Condominium Association v RBS Citizens, Case No. 323476 (Michigan Court of Appeals, November 12, 2015, unpublished), the