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Tag Archives: costs

SC: City, Miller Pond reach accord

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Miller Pond homeowners have agreed to sign Rock Hill’s annexation petitions in exchange for the city’s promise to not seek reimbursement for its legal costs arising from the dispute.
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CO: Grand Elk HOA on the mend

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

The Grand Elk Homeowners Association, which now controls Grand Elk, is rebounding from the foreclosure of the original developer Grand Elk LLC and is working with the town of Granby, which just made it easier for the subdivision to cover snow removal costs.
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Crisis Slams Condo Associations

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

A tough economy is leading owners of condominiums to increasingly walk away from condos, leaving ownership maintenance costs to those left behind.
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Can HOA’s Hire bill collectors for dues?

Q. Is it legal for homeowner associations in North Carolina to use collection agencies to collect delinquent dues?

There is nothing to prohibit your HOA from using a collection agency to collect delinquent dues. The better question is whether using a collection agency is the most effective and cost-efficient method.

Collection agencies typically charge a “contingent fee” for their services – their fee is a percentage of whatever sum they collect, usually 25-30 percent.The problem is that HOAs cannot always recover this fee from the delinquent homeowner. State statutes prohibit HOAs from charging a homeowner any collection or administrative fee that is not specifically authorized in their Declaration.

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