|
Annual
Property Assessments
Assessment
per Property: $395, Due January 1st
Payment
Methods
Late
Payment Penalties
Collections
Attorney
Annual
Property Assessment
$395 per Property,
Due January 1st
The
Bylaws of the Spring Creek Court Homeowners Association,
Inc., require all homeowners to pay an annual property
assessment.
The
purpose of property assessments is to meet the HOA's
near- and long-term repair and replacement obligations.
The preservation of surplus funds allows the HOA to
meet known and unknown future capital expense initiatives
without the need for special assessments.
The
annual property assessment of $395.00 is due and payable
on January 1st of each calendar year. Property assessments
are applied to HOA operating expenses and the HOA capital
reserve fund. Individual homeowner-account statements
are mailed to all homeowners in the last quarter of
the year. Pay your annual assessment promptly to avoid
late-payment finance charges and possible legal (collection)
fees.
Top
of Page
Payment
Methods
Pay
your Annual Property Assessment by bank check or one
of the two following payment methods:
1.
Pay in Full (Credit / Debit - MasterCard,
VISA,
Discover,
AMEX)
Make Your Full Payment Here
or,
2.
Pay in Monthly Installments
Request
an Application here for the optional Installment
Payment Plan.
By
signing the installment payment agreement, this plan
contractually
obligates the
homeowner (just like a bank loan!)
to make nine (9) equal consecutive monthly installment
payments.
The
terms of the installment plan are non-negotiable.
The HOA's Managing Agent is not authorized to
negotiate the terms of this optional payment plan.
Homeowners
are encouraged to contact Anthony
Roy at Preferred Management Services at 281.897.8088
for assistance with this payment option.
Top
of Page
Penalties
for Paying Late, Paying "Short" or Not Paying
The
least expensive way to pay the $395 annual
property assessment is to pay-in-full, on time.
The
most expensive way to pay
the $395 annual property assessment
is
to pay after the collections attorney has been engaged.
HOMEOWNER
ALERT:
If
a homeowner has received a letter from the HOA's collections
attorney concerning late-payment, short-payment or
non-payment of the homeowner's annual property assessment,
the homeowner is liable for the annual property assesment
PLUS late-payment finance charges PLUS
all attorney's fees.
Added
together, and depending upon the attorney's time-effort
in resolving the case, a delinquent homeowner can
be liable for a final bill that is substantiallt
higher than the $395
annual
property assessment fee that is due on January 1st
each year. Avoid extra-cost penalties
by paying in full, on-time.
READ
THIS CAREFULLY:
Collections
Process for Late-Payment, "Short"-Payment
and Non-Payment
of
Annual Property Assessments, and Engagement of Collections
Attorney
Top
of Page
HOA
Collections Attorney
Delinquent
property assessment accounts will be referred to the
HOA's collections attorney for legal action. When this
referral has occurred, all subsequent contact will be
strictly limited to communications between the collections
attorney and the homeowner in default.
Top
of Page
|
