Category

HOA Fees and Assessments

HOA DeliquencyHOA Fees and Assessments

Is Charging Interest On HOA Late Fees And Fines Legal?

Late fees on unpaid dues are par for the course, but can an association charge interest on late fees? Board members must understand their authority under state laws and the governing documents. Not everything is black and white, and even a single misstep can expose the association to liability. When it comes to interest, there's a lot to consider.   Interest on Late Fees: Understanding Definitions Homeowners associations are no strangers to financial activities. In these communities, owners pay dues,…
Denise
June 4, 2026
HOA Fees and Assessments

When And Why Condo Special Assessments Are Issued?

Condo special assessments are legal and, sometimes, necessary. Still, they can also come as an unwelcome surprise to many unit owners, especially considering they are an added expense. By understanding what these assessments are, when they are issued, and why they are needed, unit owners can better prepare themselves.   What are Condo Special Assessments? A condominium special assessment is an extra fee that a condo association charges to unit owners. They are in addition to the regular condo dues.…
Denise
August 22, 2025
HOA Fees and Assessments

Why Are Condominium Association Fees Higher Than HOA Fees?

Condominium association fees can cause a lot of confusion among buyers, especially since they tend to be higher than HOA fees. This difference boils down to what these fees cover and how these associations operate.   What are Condo Fees? Condominium association fees are fees that unit owners pay to their condo community. These fees cover shared expenses within the association. Owners pay them monthly, quarterly, or yearly. While exact expenses can vary from one condo to another, condo fees…
Denise
August 19, 2025
HOA Deliquency

HOA Foreclosure Explained: Can The HOA Really Take Homes?

Many homeowners don't realize that unpaid dues and assessments can lead to HOA foreclosure. While rare, it is a legal tool that associations may use to recover delinquent balances. The process can vary by state, but in many cases, an HOA can take legal steps to seize the home.   What is HOA Foreclosure? A homeowners association foreclosure is a legal action an HOA takes to recover unpaid fees, assessments, and fines. When a homeowner fails to pay, the HOA…
Denise
July 14, 2025
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