Stay Compliant with HOA Payment Structure for a Great Housing Experience

If you are a resident of a housing society, you might be leading the best life because it comes with all facilities and amenities, which a resident needs. However, he has to pay the dues to enjoy all these facilities offered by Scottsdale hoa management companies. These payments need to be paid to the account of the company, which uses these funds for the development of the society. However, many homeowners fail to pay these payments on time and face several issues.

What Happens If You Don’t Pay HOA Fees On Time

You might have to face severe consequences if you don’t pay fees on time. Some of them have been discussed below:

Late Fees Along With Interests

In the next billing cycle, the company will impose late fees and interests for you to pay. This way, you will have to pay more money. It will be accumulated over a period of time and become a bigger amount.

No More Access To Privileges

If you fail to pay these fees, the company will restrict the usage of clubs, pools and fitness centers. Certain privileges will also be taken back from you in this situation.

Collection of The Payment

You might have people from the HOA company knocking on your door for the collection of dues. They may send you a notice, send over collection agents and file a lawsuit to obtain the total amount to be paid by you.

Lien on the House

In the event of unpaid dues, the house will have a lien on it and you will not be able to sale the property. The company will have the legal right on the property and file litigation against you to obtain the dues.

Selling of the Property

If the homeowner does not pay the money on time and the dues become a significant amount, the company may pursue a foreclosure in which it may put it on sell to recover the amount.

To prevent all these things from happening to you, it is strongly recommended to stick to the payment schedule. Don’t think that you can get away with the maintenance fees.

If you feel that you forget to make payments on time, you should set a calendar reminder or automate your payments. It is also a good idea to exceed the amount so that you don’t have to pay extra if you forget to pay in a month.