6
FEES, FINES, & SPECIAL
ASSESSMENTS
HOAs generate their operating funds by
collecting fees, fines, and assessments from
association members. Each payment supports
current HOA functions or future improvements
and repairs, which are typically paid for
through a reserve fund.
• Fees. Also known as dues or regular
assessments, fees are the monthly,
quarterly, or yearly dues that residents pay.
They go towards daily operations as well as
future repairs, projects, and enhancements.
• Fines. These monies are paid by residents
who commit a violation of community rules
or standards.
• Special Assessments. Additional fees
collected to cover unexpected costs, like
an increase in insurance or a surprise
repair bill, special assessments are a one-
time payment levied by the board. The
rules and processes for adopting a special
assessment vary by association.
The amounts of these payments are directly
tied to the size, cost, and complexity of your
association's operations and amenities.
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