Collection of Assessments: Creating a Culture of Voluntary Compliance

There’s no doubt about it – assessments are the lifeblood of community associations.  Without the income derived from assessments, associations struggle to maintain the common elements, provide essential services to residents and protect property values.  While most residents are good about paying their assessments on time, some are not.  Furthermore, since associations traditionally operate on very tight budgets, even a small percentage of delinquent assessments can create a financial hardship for an association. Read the full story.

Community E-ssentials, May 2007