Late Fees
Condominium and Association monthly fees are due in the Management office no later than the 10th of each month. Late fees are calculated as follows:
Condominium Delinquency
Late Fee: 5% of your common charge – will be charged to EVERY payment which is received after the 10 th of the month.
Interest Charge: if the unit owner has not paid their Condominium fee by the end of the month, 2% interest will be charged against any unpaid balance. An additional 2% will be charged for each and every month that fees remain unpaid.
THE LATE FEE AND THE 2 % INTEREST will be charged to EACH month that your Condominium common charge is delinquent.
Association Delinquency
Late Fee: 10% will be charged to EVERY payment which is received after the 10th of the month.
Interest Charge: if the unit owner has not paid their Association fee by the end of the month, 2% interest will be charged against any unpaid balance. An additional 2% will be charged for each and every month that fees remain unpaid.
THE LATE FEE AND THE 2% INTEREST will be charged to EACH month that your Association common charge is delinquent.
Please Note:
In order for action to be taken on a complaint, it MUST be submitted in writing, to the Management Office. Although it is signed, this information will remain confidential. The complaint must be specific – who, what, where, and when. It can be handwritten, or typed, but must be signed. It need not be formal, but must include the pertinent facts… who did it, what they did, when they did it, and where (approximately) they did it. You will get a copy of the letter that will then be sent to the offender. (If you do not get a copy of this letter within a week, please contact one of the Board Presidents or other Board members.)
_________________________________________________________________________________________
Violation of the above rules will result in a fine if the violation continues after a warning has been received.