Tips for Collection Policies
The authority to levy and collect assessments is found in the Declaration/CC&Rs of community associations. However, there aren’t typically specific procedures to follow if an owner is delinquent in the payment of assessments. Most condominium and homeowner associations adopt a separate resolution or policy which governs how the association will handle collecting delinquent owners. Here are a few things to consider when adopting a collections policy: Read the article…………….
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Lenders Win Another Decision Barring Community Associations from Collecting Interest, Costs and Fees in Addition to Assessments (FL)
The recent decision in the case of United States of America v. Forest Hill Gardens East Condominium Association, Inc. and