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ISBN: 978-0-944715-85-7 2005, 24 pages 1st edition Editor(s): Debra H. Lewin Item #: 5857 Retail Price: $25.00 Member Price: $15.00
Member Dues: How Community Associations Collect Assessments contains practical new information on how you can set up a payment system that works! Contains helpful suggestions for remittance systems including the use of payment coupon books. Also includes a section on procedures and hints for collecting delinquent payments. Association declaration and state law gives associations the authority to collect assessments.
- Each association should adopt, by resolution, the procedures for assessment collection that cite the association's authority and the penalties for noncompliance.
- Simple, direct, and repeated communication with the owner is the most effective means to facilitate collections.
- Collection problems often stem from a misunderstanding that might be settled easily.
- Treat all owners equally and impartially.
- Pursue all authorized non-legal remedies to collect fees, including suspension of privileges, late fees, and communication with the lender, before initiating legal action.
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