In today's environment, most condo associations and HOA's are dealing with
delinquent condo owners and late or
unpaid condo fees. Condo Associations must get proactive and help themselves get paid. Sending an official 30-Day Notice of Demand for your Condo Association or HOA is the most impactful, yet cost-effective way to make delinquent owners pay
. Traditionally, about 30%-60% of delinquent owners pay, in full, upon receipt of initial demand and collections letters.
The first step can be to send a payment demand letter, which the condo association board can do themselves. This letter put the delinquent owner on notice that the association has the right to place a lien against the condo owner after a certain amount of days. Each state is different; make sure to look up your state's law on liens.
Here is what is normally included in an HOA payment demand letter. This is the most impactful, yet cost-effective way to make delinquent owners pay. Delinquent member notified of outstanding balance and Association's right to take legal action in 30 days in the form of a lien.
- Delinquent member notified of outstanding balance and Association's right to take legal action in 30 days in the form of a lien.
- Letter also notifies delinquent owner that the association is considering a 3rd party collection option.
- Notification strongly recommends delinquent member directly rectifies outstanding debt with association prior to end of 30 day window.
See a sample HOA payment demand letter from our download section
