Re: What are your Dues Payment Policy: late payment fees?
From: Kay Argyle (Kay.Argyleutah.edu)
Date: Tue, 26 Apr 2011 10:05:47 -0700 (PDT)
Wasatch Commons has a ten-day grace period and then a $25 late fee. 

Under hardship circumstances you may request the late fee be waived. You
must make the request within the grace period (no retroactive waivers). If
people need a couple of month to catch up on overdue payments, so long as
they have met with Management, arranged an acceptable repayment schedule,
and have kept to it, steadily bringing down their balance owed, then we
don't charge additional late fees on the balance. These policies apply both
to HOA fees for home owners and to rent for the five units the Association
owns.

We have the right to charge interest on overdue payments, although usually
the small amount isn't worth the extra bookkeeping.

Kay
Wasatch Commons

 

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