If assessments are not paid within the grace period specified by the community’s governing documents, late fees and/or late interest may be assessed to the account until payment is received. Typically, late fees and interest will be assessed to an account each month until the outstanding balance is paid in full, but collection policies vary from community to community. Please review your community’s governing documents for exact procedures and policies concerning assessment collection and late penalties. In cases of extended delinquency, the account may be referred to an attorney and a lien may be filed against the property. If no effort is made to reconcile the account after a lien is filed, the homeowners’ association may foreclose on the property.
While Kuester Management Group will send notices of delinquency to owners and make every effort to notify owners of past due accounts, it is ultimately the responsibility of the owner to stay current with their assessments. Please be sure to review your account information regularly through our website, www.kuester.com, or contact us for assistance with accessing your account information.
In a nutshell: This totally blew my mind, but contrary to popular belief, homeowners’ association dues are real bills, like taxes or a mortgage. I had to learn this the hard way, but believe me when I tell you that your life will be so much easier if you just keep up with your dues. I mean, what happens when you don’t pay your other bills? Headaches. But seriously, your assessments need to be paid on time – they keep your community up and running! If you are late making payments, then bills for the community could be late getting paid due to a lack of funds, and then the power could get shut off, and then rioting could ensue, and then we could be stuck watching news stories about your community turning into a post-apocalyptic warzone. It’s a vicious, hypothetical cycle. Please try to pay your assessments in a timely manner.