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HOA Fees and Assessments

HOA Fees and Assessments

The Truth About HOA Fees: Worth It or Wasteful?

Living in a homeowners association means paying regular HOA fees. These fees play a vital role in the success and operation of an HOA. Still, many homeowners don't know how these fees function and deem them unnecessary. In truth, no HOA community can survive without these fees.   Define HOA Fees: What Are They? Homeowners association fees are fees that members of an HOA pay to the association. Also known as HOA dues, homeowners agree to pay these fees upon…
Denise
May 15, 2025
HOA Fees and Assessments

Your Complete Guide To HOA Special Assessments

Every now and then, homeowners in an HOA might encounter a special assessment. This differs from regular fees, which are paid on a monthly, quarterly, or yearly basis. Homeowners associations usually charge a special assessment to cover a shortfall in the budget, but it should not happen often.   What is an HOA Special Assessment? Special assessments are one-time fees that an HOA charges to homeowners. These assessments are used to cover a budget deficit or an emergency expense. It…
Azalea
January 12, 2019
HOA Deliquency

What’s The Right Way To Deal With HOA Delinquency?

Having a high HOA delinquency rate can negatively impact association finances. Board members should know how to deal with delinquent accounts, while homeowners should do their best to minimize delinquencies. In doing so, they can maintain high property values and ensure their investments are safe.   What is HOA Delinquency? In homeowners associations, delinquency refers to a failure to pay outstanding dues. Homeowners in HOA communities are obligated to pay regular fees. The HOA then uses these fees to cover…
Azalea
July 15, 2018