The lifeblood of all types of property owners associations (POAs) is the collection of monthly, quarterly, or annual assessments. Assessments pay for things such as common area maintenance and insurance, amenities like pools, gyms and tennis courts and other responsibilities covered by the POA, so when an owner fails to pay their assessment, it is imperative for the POA to pursue collection actions. While the collection process is clear through federal and state laws, it does not come without its pitfalls that can disrupt or prevent the collection of delinquent assessments. Read the article…………………………….
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