Balancing Fairness and Finances in Your Community
Serving as a board member sometimes comes with conflicting goals: you're entrusted with acting in the community's best interest, but you also want to maintain positive relationships with your neighbors. Situations where the board must take collections actions on a homeowner who's delinquent in their assessment payments is a clear example of this balancing act.
That's why a documented collections policy is so important, and this template is designed to help you create one that's specific to your community. By going through this process, you'll once-and-for-all address issues like:
- Late fees
- Payment plans
- Repeat offenders
- And more
Read the template and begin ending the HOA collections chaos in your community today!