Cohousing-L Mailing List: Re: Assessment abatement request

[Elizabeth Magill (pastorlizm]

We have created a "good neighbor fund" where neighbors can choose to help
one another with expenses like HOA, meals, and coho expenses.

It is important to remember that HOA dues are not a donation, they are fees
that pay for real expenses. Thus we allow people to ask for, and get help,
from one another, but the HOA must demand payment (as nicely and kindly as
possibly, but legally, as well).

Our example is unusual in that "less necessary" expenses are separated out
as cohousing dues, but every community certainly needs each household to
pay their share of the reserves, waste removal, water, plowing, road
maintenance, etc.

Liz Magill
www.mosaic-commons.org
Berlin, MA



-Liz

On Thu, Aug 27, 2015 at 11:48 AM, Thomas Lofft <tlofft [at] hotmail.com> wrote:

>
> I believe an unpaid assessment in many ways is not unlike any other debt.
> It should be committed to a negotiable instrument, that is a note and debt
> agreement, containing the date,  amounts, names of the parties (as they are
> officially recorded on the deed and HOA Charter), the terms of repayment
> and the conditions and rights of parties in the event of default under the
> terms of agreement. Yes, such an instrument could be factored, i.e., sold
> to another party or pledged as collateral to a lender.
>
>
>