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You are here: Home / FAQs / If I don’t pay my monthly assessment, what happens?

If I don’t pay my monthly assessment, what happens?

September 26, 2016 by rita.best

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If I don’t pay my monthly assessment, what happens?

You are putting our community and your property at risk. Basically, you are breaching your contract with the community and ultimately your neighbors. The maintenance and management services that support our community are dependent upon timely receipt of your monthly assessment. If payments are not received, a late fee is applied. Sixty days after your last payment the collection process begins.

Please be advised before you purchase into a “Common Interest Community,” it is your responsibility to know 1) you are signing a contract with MHOA community at the time of your purchase 2) that you agree to pay monthly assessment for the entire period you are the homeowner.

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