The HOA priority of payments determines how an association applies payments from delinquent owners. This rule matters because owners often owe more than just unpaid dues. They may also owe late fees, attorney fees, collection costs, and fines. Understanding how to...
Associations often rely on either an HOA collection agency or an HOA management company to recover unpaid dues. Both options help associations maintain cash flow and pay for various expenses. That said, they do not work the same way. Boards should understand the...
