A. MONTHLY ASSESSMENT

  1. Condominium Association assessments are due and payable on the first day of the month.  Payments are delinquent if not received by the tenth of the month.  Any late payments for assessments and/or services are subject to a late charge.  The amount of that late charge is set by the Board of Directors, pursuant to Section XI of these rules.  Late fees become the property of the Eliot House Condominium Association.

                                   
Mailing Payment:
Assessments paid by mail must include your monthly coupon or statement. Checks must be made payable to “Eliot House Condominium Association” and mailed to the bank lockbox address indicated on the unit owner’s statement/coupon. In the memo section of your check, please record your unit number and account number. 
                                   
Direct Debit:
You can obtain a Direct Debit form from the Eliot House Management Office or Eliot House Website which will enable direct debit each month for assessment payment.  Do not send or deliver your payment to the Management Office or the Managing Agent’s office. Any payments received will be returned to you without exception.
 
Electronic Payment:
            Electronic payment of assessments is a convenience offered through many private banks and third party bill pay administrators.  When remitting electronic payments, your name, unit number, and account number must appear on each electronic check            and/or electronic transmission of payment. 
 

  1. If fees have not been paid by the 15th of the month, Eliot House Management will contact the Association’s attorney to send the owner a Notice of Default.  The Eliot House Board of Directors has the right to take whatever legal action it deems necessary to collect delinquent accounts, including foreclosure proceedings and acquiring possession of the unit by forcible entry and detainer action. 

 

  1. When assessments and/or garage parking fees are more than 30-days delinquent, parking privileges will be reviewed by the Board of Directors for suspension.  The Board of Directors reserves the right to deactivate garage door transponders until all assessments and parking fees are paid in full.  Vehicles of residents delinquent in their garage rent may be towed.