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HOA Software
Ron - NC By Ron - NC • August 12, 2015

Teeth For Collection Policy

Our HOA is not shy about applying a lien and then foreclosing on a condo for failing to pay assessments. What we find difficult to collect are the one time late fees of $20. Currently we are considering a revision to our Collection Policy adding more teeth or sting for anyone not paying the fee.

We don't have any ammenities as they are provided by our master association so we can't penalize on use of ammenities and parking spaces are part of the condo deed. One consideration is to "suspend an owner's voting rights" until their account is current. Is that an appropriate penalty? What others can you suggest?

North Carolina

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