Board Member’s Guide to Handling Delinquent Assessments

Homeowner assessments keep the HOA running and fund community upkeep, amenities, utilities, insurance, reserves, and more. When assessments are not paid, these services become harder to provide. High delinquency rates for assessments can result in deferred maintenance, lower reserve fund contributions, and increased assessments. So, what can you do about it? Let’s get into our[…]