Delay paying monthly assessments
Each Owner’s annual assessment is due on the first day of January; however, for the convenience of Owners, the annual assessment may be paid in equal monthly installments, unless otherwise permitted by the Board of Directors. If an Owner chooses to pay the annual assessment by means of the monthly installment payment plan, an Owner’s account is delinquent if the installment is not received by the Association’s managing agent on the installment due date, which is the first day of each month. A delinquent account that is not paid within fifteen (15) days after the installment due date will be assessed a late fee charge of fifteen dollars ($15.00) or one-tenth of the total amount of any delinquent assessment or installment, whichever is greater. If full payment of an assessment is not received by the Association’s managing agent within thirty (30) days after the due date, the managing agent will send a delinquency notice to the Lot Owner by first class mail requesting immediate payment, advising the Lot Owner of the late fee and advising the Lot Owner that interest has begun to accrue on the unpaid balance at the rate of six percent (6%) per annum. The late notice shall also inform the Lot Owner that if payment is not received within thirty (30) days of the date of the letter, the Lot Owner’s assessment will be accelerated through the fiscal year and the account will be forwarded to the Association’s attorney for collection. If an account is forwarded to the Association’s attorney for collection, a Notice of Intent to Create a Lien will be forwarded to the delinquent Owner by means of first-class, restricted delivery certified mail, return receipt requested to the Owner’s address on the Association’s books or by personal delivery or as set forth in the Maryland Contract Lien Act.
See Resolution 2012-11 Procedures Relative to Assessments, Collection of Routine as well as Special Assessments and Delinquent Payments
Appeal a covenant violation
Subject to such procedures as may be established by the Board of Directors, any Owner may appeal an adverse Covenants Committee decision to the Board of Directors. The Board of Directors may uphold, modify or reverse the decision of the Covenants Committee and any such determination by the Board of Directors shall be final.
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