Late Fees and Delinquency in a Condo Association
One constant challenge in Condo Associations is the issue of delinquency and debt collection. Homeowner’s Association or Condo Association fees, also called “general assessments,” are the financial lifeblood of your Association. While you may have alternate revenue streams, general assessments make up the bulk of your cash flow in. Without money, you can’t invest in reserves or carry out maintenance. This makes the issue of late fees and delinquency in a Condo Association extremely important. Read the article…………..