When payment is received, it is first applied to any outstanding charges on the account. After all charges have been paid, the remaining funds will be applied toward the payment of the monthly assessment charge. Except for emergency work, no maintenance work of any kind will be done in any unit if the collection process for late assessments is in the hands of the attorney. No right of first refusal or paid water bill letter will be issued for a unit if charges are not paid in full.

Payments received after the 10th of the month will incur a late charge. Your payment should be mailed so that it arrives to the lockbox before the 10th of the month. If you are paying in the drop box in the lobby area or in the management office your payment must be made by the 5th of the month. Any and all accounts due and owing for a total of 45 days will be sent to the Association’s attorney for collections. Any unit owner sent to the attorney for collections is additionally responsible for payment of legal fees or additional charges associated with this legal action.

After 45 days, the Association shall bring suit for and on behalf of itself and as representative of all unit owners, to enforce collection thereof or to foreclose the lien as provided by law. There shall be added to the amount due, the costs of said suit, together with interest and reasonable attorney’s fees to be fixed by the Court. The Association may also take possession of such defaulting Unit Owner’s interest in the Property and maintain an action for possession of the Unit in the manner provided by law.

A charge will be imposed for a check that is returned by the bank. After the bank has returned two checks, no personal checks or auto debits will be accepted as payment for a one-year period. Only certified checks or money orders will be accepted as forms of payment.