Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply, but rest assured, I am working on your question.
But I see now there is an interest charge and admin charge added to the late fee. Is that legal?
This would be controlled by your Bylaws with regard to how they can treat and handle late payments. The Bylaws are the governing documents that control how the HOA operates and what the Board can and can't do. So if they say that the Board can charge those types of fees, then each individual homeowner would have agreed to those terms when they bought into the neighborhood.
So the only way to know for sure is to review your Bylaws and see what their policies and procedures allow..
Ok, that does sound strange and either 1. it isn't allowed, or 2. it is, but they never bothered to do so in the past. So you need to review the Bylaws to see which one it is.