HOA dues keep your Sarasota community running smoothly. From maintaining landscaping and amenities to funding security and repairs, these payments are the backbone of neighborhood upkeep.
When they fall behind, it can become a financial burden on everyone. That‘s why Sarasota HOA management teams must understand their legal options and responsibilities when addressing delinquent dues.
Understanding Florida Law on HOA Collections
Florida law lays out clear guidelines for how homeowners’ associations can pursue unpaid dues. In order to stay compliant, Sarasota HOA boards must follow these steps closely.
Under Florida Statute Chapter 720, which governs most residential HOAs, associations have the legal right to collect delinquent assessments, late fees, interest, and even legal costs. But certain steps must be followed first.
Before taking any serious action, HOAs must send a written notice of the delinquency, giving the homeowner a minimum of 30 days to bring the account current. If payment is not received, the HOA can then take additional steps, such as placing a lien on the property or initiating foreclosure proceedings.
Knowing these steps not only helps Sarasota HOA teams avoid legal liability, but also helps maintain community relations in terms of ensuring fairness and openness in enforcement. With the proper process and adherence to Florida law, Sarasota HOA boards can successfully deal with delinquent dues without sacrificing trust and financial integrity within the community.
Steps Sarasota HOA Boards Can Take Legally
When a homeowner becomes delinquent, Sarasota HOA management should begin with a friendly approach. Start by sending a reminder within 30 days of the missed payment, followed by more formal notices at 60 and 90 days if needed. Clear communication and a consistent timeline help prevent misunderstandings and encourage prompt resolution.
If the balance remains unpaid, your HOA may apply late fees and interest, provided your governing documents allow it. Florida law caps interest at 18% annually, and any charges must be applied fairly across the board. Make sure all fees are clearly outlined and consistently enforced to avoid disputes.
In more serious cases, Sarasota HOA boards have the legal right to file a lien on the property after proper notice. If that still doesn’t result in payment, foreclosure may be considered as a last resort. However, it’s wise to explore options like payment plans or third-party mediation first, as foreclosure can be costly and time-consuming for everyone involved.
How a Sarasota Homeowners Association Management Company Can Help
A Sarasota homeowners association management company can take the pressure off your board by handling collections, sending notices, and ensuring every step follows Florida law. Their expertise prevents costly mistakes and keeps your community in regulatory good standing. With professional support, board members can focus on long-term planning instead of chasing down payments or navigating legal red tape.
Contact Wise Property Management Today.
Delinquent dues don’t have to derail your community’s operations. At Wise Property Management, we help Sarasota HOA boards navigate collections legally and efficiently. Contact us today to see how we can support your team and protect your association’s financial health.
For more information about how we stand out among Sarasota HOA management companies, please request a proposal today or call our office at (813) 968-5665.