Owners in your community may frequently request that the board forgive their debt. Can, and should, the board do this? First of all, as many of you are aware, the Board has a fiduciary duty to collect assessments on behalf of the association. That includes the ability to not only assess late fees and interest on delinquent accounts, but to also collect on late fees and interest, as well as attorney fees and costs that are incurred in the collection process. Read More……
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