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Every Owner pays a monthly assessment to the Association. Assessments are used to pay for the maintenance of the building exteriors and grounds - the common areas, and garbage collection. Assessments are due on the First of each month, and considered late if deposited in the bank after the 15th of the month. All payments are to be made directly to the Association and shall be made payable to the Association. All payment questions are to be directed to the Board of Directors or the Board's agent as the Board may direct Management Company. An administration charge will be charged to any account on which the full assessments due has not been received or postmarked on or before the fifteenth day of the month in which due as fellow's: $10.00 for 30 days delinquent, $25.00 for 60 days delinquent,$50.00 for 90 days delinquent. Any and all charges including administrative or bank charges incurred by Association as a result of checks returned for any reason, plus an administrative charge of Twenty Five Dollars ($25.00) will be charged to and be the responsibility of the Owner. Any account on which any amount due the Association, including any administrative charge has not been paid within sixty (60) days of the date on which originally due shall be turned over to an attorney to commence legal and/or collection proceedings. At that time the entire account balance shall be turned over, including any amounts which are currently due. When an account is referred to the attorney for collection, there will be an initial charge, established by the attorney, of Fifty Dollars ($50.00) to One Hundred Dollars ($100.00) for accepting the matter and for sending a Notice and Demand Letter if an eviction process is utilized. Any ownership search and confirmation charges shall all be charged to the Owner. These amounts will be added to the assessment amount due and will be included in the Notice and Demand Letter. The Board and its attorney may collect, evict, foreclose or take any or all actions available against a delinquent Owner from amount these offered by statute, the Declaration or the By-Laws. Any and all costs incurred in dealing with and researching accounting for or collecting delinquent assessments from the responsible Owner shall be charged to and shall be paid by the responsible delinquent Owner. This includes, but is not limited to all attorney's fees, tract book search costs, lien filing fees, skip tracer fees and any other costs or expenses incurred by the Association with respect to contacting and/or consulting with such attorney, whether the contact is between the Association and attorney, the Owner and attorney or an Owner representative (attorney) and the attorney; whether by telephone or written correspondence, court costs, etc,; and any and all management consultation or other costs. All costs will be billed to and paid by the Owner. The Association shall attempt to collect all costs identified as part of the particular collection action initiated by the Association and/or the attorney. However, it is possible that the Association may collect less than all amounts billed and due, or that additional costs and expenses will be billed and /or incurred after payment, either as a result of the Owner's actions or otherwise. The delinquent Owner is fully responsible for all such additional costs and expenses which shall be billed to the Owner's account and shall thereafter be payable in the same manner as other assessments or expenses. If such amount is not paid, additional late fees and charges will be incurred by the Owner as a result of that delinquency. Furthermore the Association may pursue recovery of these amounts, if delinquent, in the same fashion as all other delinquencies. Any further separate or special assessments for damage to the Common Elements or for repairs chargeable to a specific Owner or any non-recurring common expenses are also subject to these Rules and Regulations. Assessment payments should be made with an accompanying coupon and mailed to the address indicated on the coupon labels. Coupon books are mailed to Owners each year in December. Payments made directly to the Management Office must be processed manually and will incur a convenience fee. Direct Debit
for the payment of assessments is available. In many cases, you can also use your
online banking service to pay your bill. Remember to provide your
17-digit account number, which is located at the bottom of your payment
coupon. Please avoid using slashes, spaces or dashes since they could
delay the processing of your payment. You'll also need the following
address:
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