COLLECTIONS ACTION
- ALL accounts in arrears are referred to Field Law – Collections
- Notices of Delinquency, Demands, Collections letters and escalated collections processes are performed by Field Law, NOT by the Association.
- Payment of Arrears + Legal Costs MUST be made to Field Law ONLY
- Payment of Arrears claims to the HOA does not remove the account from collections, nor relieve a Member from financial responsibiity for cost of collections.
If you have received demand letters or notices from Field Law, then you alone are responsible for making payment to Field Law, settling the demand and keeping your payment receipt.
The Association does not manage arrears payments, pay individual legal fees, or perform notification or account management for Members in arrears.
Members are strongly urged to manage and access their accounts and to pay their HOA fees in full and on time to avoid collections costs.
Per the Bylaws of The Association, arrears must be collected using all legal methods available including, but not limited to, foreclosure actions under the encumbrance registered in priority on title. This may involve contact with a Member’s financial institution/ mortgage company.
Delinquent accounts are collected on a FULL RECOVERY basis.
The Association will not absorb, waive or pay any legal fees incurred in the collection of an account. The Association cannot offload individual legal expenses onto the general membership (who pay their fees on time). It is unfair for the Membership to pay the costs of the small minority (5-10%) of delinquent accounts in arrears.
THURSDAY THOUGHTS
WHEN:
- Thursday Sept 18 4-7:00PM
- Thursday October 9 4-7:00PM
- Thursday November 20 4-7:00PM
- Thursday December 11 4-7:00PM
- Thursday January 15 4-7:00PM
- Thursday February 12 4-7:00PM
- Thursday March 19 4-7:00PM TOPIC: COMMUNITY LEAGUE formation
WHERE: HOA Clubhouse – near the skating rink
WHAT: Give your input to the Association. Ideas and suggestions welcomed in a casual, open and respectful forum with your fellow Members.
WHO: All Members are invited
TOPICS:
Architectural Guidelines
Bylaw Enforcement/City of Edmonton
Community Programs – Sports & Leagues
Facilities, Landscaping, Maintenance
Fees, Invoices & Collections
Hosted Events
Playground
Crime & Vandalissm
Rules & Regulations
Safety & Site Security
Spray Park
Skating Rink
Traffic/ Parking
NOTE: For privacy reasons, individual Member account/ matters cannot be addressed in this event. Email or call the HOA Manager or request an appointment to address your specific issues.
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