Dealing With Delinquencies: Make Sure Your Association Has a Collection Policy

A homeowner association depends on the regular income from assessments to pay for services, amenities and common maintenance expenses. Without the timely collection of assessments from homeowners, the association simply cannot function properly. Unfortunately, most community associations at one time or another have to deal with homeowners who default on their assessments. Having a clearly defined policy for payment and collection of assessments, and consistently enforcing it, is essential for every association.  Read the article…………

Editor

Recent Posts

Essential Guide to Understanding Your HOA Board of Directors

HOAs play a crucial role in maintaining residential communities, ensuring they operate smoothly and preserve…

15 mins ago

Californians are Protecting Themselves from Wildfire. Why is there still an Insurance Crisis?

Fire officials, lawmakers, insurance agents and others are asking homeowners to help lower the risk…

19 mins ago

No peace symbol! Eagle Crest HOA cracks down on unauthorized flags (OR)

No peace symbols. That’s the message one man in Eagle Crest got from his homeowner’s…

9 hours ago

Delray Beach HOA Goes To Real Court Over Sport Court (FL)

The Delray Beach gated community of Casabella is suing a Palm Beach County sport court…

9 hours ago

Divided Gilbert community ousts HOA board (AZ)

About 12 years after he moved into the newly built Greenfield Lakes community in Gilbert,…

9 hours ago