Resolution 2010-3: Enforcement Procedures for Collection of Assessments and Delinquencies

Effective: January 1,2011

Resolution 2010-3 updates Talltree South enforcement procedures relative to the routine collection of assessments and delinquencies, to implement changes made in the recent amendment to the Bylaws.  Implements a late fee of $40.00 if assessments are not paid by the 10th day of the month.

This resolution supersedes Resolutions 2009-2, 2008-4, 2004-1, and all prior assessment collection resolutions).

Open or Download Resolution 2010-3, Enforcement Procedures. [.pdf, 581.4K]

Late Payment

Any condominium fees (assessments), special assessments, or other charges which are not received by the Managing Agent by the 10th of the month are considered late and interest and fees are automatically added to the amount due.

After two or more returned checks, the Board of Directors may require all future payments to be made by certified check or money order for the remainder of the year. A fee will be assessed for every returned check.

The Board of Directors may suspend an owner's right to use services and facilities, including pool and parking facilities, if an account is past due.

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Steve RugenSteve Rugen
Cardinal Management Group