During the current economic times, associations find it more and more difficult to collect assessments. Because people lose jobs, this assessment income turns into foreclosures and bankruptcy. 

            Associations may consider other avenues for collecting income. For example, instead of collecting fixed assessments from all residents of the community, an association may want to charge a fee for using the common ammenities such as the pool and tennis courts. Also, fees may be charged for parking or for having a certain number of vehicles per unit. 

            Some associations deviate from the typical one-year rental agreement and offer 30-day rent terms with an additional fee. Residents may also consent to raising money by posting advertisement such as fliers on common association areas. In addition, an association's website may be a means to cut costs and also to increase awareness about the association's services and opportunities.

            Remember, always make sure the association's actions are authorized by its governing documents.

            This site and any information contained herein is intended for informational purposes only and should not be construed as legal advice. Seek a competent attorney for advice on any legal matter.