The lifeblood of all
types of property owners associations (POAs) is the collection of
monthly, quarterly, or annual assessments. Assessments pay for
things such as common area maintenance and insurance, amenities like
pools, gyms and tennis courts and other responsibilities covered by the
POA, so when an owner fails to pay their assessment, it is imperative
for the POA to pursue collection actions. While the collection process
is clear through federal and state laws, it does not come without its pitfalls
that can disrupt or prevent the collection of delinquent assessments.
