Late Fees

Assessments are generally considered delinquent 15 days after they become due. Once an assessment is delinquent, an association may impose a late fee of $10.00 or up to 10% of the delinquent assessment, unless otherwise stated in the CC&Rs. Since assessment payments are generally applied to the oldest assessment due, late fees may accrue on an owner’s assessment account until the account is paid in full

Leave a Reply