Monthly Assessments During CovidOn June 8, 2020 by TheBoard
The current COVID-19 situation has undoubtedly brought much uncertainty into our lives. A frequently asked question as of late has been in regards to HOA assessments (dues) and whether or not homeowners are still responsible for paying them during this time.
Tanglewood Hills Condominium Association is funded by the assessments its owners pay on a monthly basis. The assessment structure is established in the CC&Rs which makes it mandatory both for Association to levy and collect the assessments and for the owners to pay them. Unfortunately, these obligations do not change when economic hardship befalls some or all of us and any shortfall in assessments ends up being passed on to everyone else in the community. For that reason, although the Board of Directors is sympathetic to the hardships facing many members right now, it cannot waive or reduce assessments for individual owners.
If you are having difficulty paying your assessments, please reach out to our Community Manager with Management Trust to discuss your individual situation and discuss repayment options. Communication may help reduce additional fees your account could be charged, such as mailing and notice fees.
We sincerely hope that you and your family are safe and healthy. Please continue to visit this site for updated information as we work through these unprecedented challenges together.
~ The Board