Although your association may be a valid Florida non-profit corporation, grants are not generally a source of income. Association income is based on assessments paid by owners.
Read your public offering statement and governing documents to determine when owners begin paying association assessments. As well, understand the developer's responsibilities to pay assessments -- once they become due -- on undeveloped and unsold properties.
If the homes are within the provenance of the association, the new owners are automatically members of the association and are required to pay monthly assessments and live in the property according to the governing documents.
Yes is the short answer. Read your governing documents -- and in this case, perhaps a Resolution crafted to collect assessments -- to understand both your obligation to pay your assessments and the association's responsibility to add fines when you don't pay on time.
They can if the streets are owned by the home owners' association rather than by a municipality.
You may be able to find the answer you want in your governing documents, including resolutions or board meeting minutes.Otherwise, your treasurer or property managing agent can explain what these letters stand for.SOME is not a common convention in the accounting or finance vocabulary of homeowners' association assessments.
Read your governing documents to determine your responsibility to pay your condominium assessments. The governing documents also define the actions that the board must take to collect these past due amounts in advance of foreclosing on your home to sell it in order to retire the debt. You can hire an association-savvy attorney who may be able to help you negotiate with your association over the past-due amounts and help you maintain your home.
You are not clear about who you're making payments to: the mortgage company for your mortgage, or to the association to pay assessments that are in arrears. If you mean payments to make up arrears, and the association filed a lien on your title, review the agreement that you made with them about making payments. It's possible that filing a lien is part of your agreement in some way. Or, that the association has filed a lien against you in error. If you mean payments to pay your mortgage, and you are not paying your assessments, your association filed a lien to collect monies that you owe in past-due assessments. (You have to pay both: mortgage and assessments.) If your assessments are up to date, check with the board to better understand why a lien has been filed by the association on your title.
Home owners pay assessments to pay for the operation of the community. There is no standard, and assessments fluctuate from year to year. A board member or the association manager may be able to give you the answer you want, if you are entitled to an answer to your question.
Work with your board and your association manager to most fully understand why access is being denied. For example: It is possible that your governing documents specify that when you do not pay your assessments -- which pays for upkeep of the pool -- that you can be denied access to the pool by refusing to give you gate access codes.
No. Unless there is a specific entry in the governing documents that forgives the president's obligation, the president pays assessments, just like every other owner.
Read your governing documents to determine who is eligible to occupy a director's post on the board. Generally, this is limited to owners, and employees are specifically banned from becoming a director.