arcy1950
Feb 20, 2008, 08:38 AM
There are several houses on our private road, and deeds include covenants that allow our
"homeowners association" to assess for road maintenance, and stipulates a lien
Can be placed on property for failure to pay. This ends up being about $ 75.00 per house
Annually, and a one-time $ 150. Contribution at closing each time a property sells.
A fairly small amount individually, except we have to cover and split for those hot contributing.
Is there any way to attach a late penalty to lien-- or do we pay year after year
While the "deadbeats" don't--with only a few hundred dollars in liens to pay back should
They ever decide to sell--what will motivate them to pay their fair share annually?
Any advice welcome!
"homeowners association" to assess for road maintenance, and stipulates a lien
Can be placed on property for failure to pay. This ends up being about $ 75.00 per house
Annually, and a one-time $ 150. Contribution at closing each time a property sells.
A fairly small amount individually, except we have to cover and split for those hot contributing.
Is there any way to attach a late penalty to lien-- or do we pay year after year
While the "deadbeats" don't--with only a few hundred dollars in liens to pay back should
They ever decide to sell--what will motivate them to pay their fair share annually?
Any advice welcome!