SteveM9 (Massachusetts)
Posts: 3,699
Posts: 3,699
Posted:
Reading a court case, I came across this paragraph. Its a great idea to inform everyone in your association how much extra they are paying to make up for the people not paying. Personally I'd rather have the extra $37.84 in my pocket than paying for my neighbor's bills every month. If your reminded each month how much more your paying eventually members will put pressure on the HOA to go after delinquencies.
"When Liberty first became the property manager of the Little Suwanee Point
community, the Association was experiencing severe financial difficulties because
many homeowners were not paying the required assessments. As a result of the
delinquencies, the Association had been required to raise the monthly assessmentsfor
four consecutive years. Of the $183 monthly assessment paid by each homeowner
in 2008, $37.84 was attributable to covering shortfalls caused by those who had failed
to pay their assessments."
http://www.condolawnj.com/wp-content/uploads/2013/01/Liberty-Case-Managers-not-Debt-Collectors-02798503.pdf
"When Liberty first became the property manager of the Little Suwanee Point
community, the Association was experiencing severe financial difficulties because
many homeowners were not paying the required assessments. As a result of the
delinquencies, the Association had been required to raise the monthly assessmentsfor
four consecutive years. Of the $183 monthly assessment paid by each homeowner
in 2008, $37.84 was attributable to covering shortfalls caused by those who had failed
to pay their assessments."
http://www.condolawnj.com/wp-content/uploads/2013/01/Liberty-Case-Managers-not-Debt-Collectors-02798503.pdf