HOA assessments: What they cover, why you need to pay, and what happens when you don’t

HOA assessments: What they cover, why you need to pay, and what happens when you don’t

Much like local, state, and federal governments collect taxes to fund public services and programs, assessments are part of living in a community association. Homeowners have a responsibility to pay their assessments on time. Unfortunately, some owners refuse to pay or can’t pay assessments. What does that mean for the community? And how should board members respond?

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