Delinquent Owners Turned Over For Collection
With an Association delinquency amount of $71,000 or approximately 16% of the Beckett Ridge membership, the Board decided it was time to look at their collection options.
It was obvious most delinquent owners were ignoring the monthly late notices. Small Claims Court had collected several thousands of dollars but the per Owner collection costs were expensive.
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Payment Changes
Effective with the 2010 Beckett Ridge assessments, payments received after January 31, 2010 will be posted to an owners' account paying late fees first and then the HOA fee.
A payment in the amount of $230 (the 2010 annual HOA fee) will be posted first to the February $50 late fee and the balance postedto the $230 HOA fee which will leave a $50 HOA fee balance.
If the $50 HOA fee balance is not paid in full by March 1st, another $50 late fee will be added to the account.
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