The Board of Directors of a condominium association has a fiduciary duty to make sure that all owners pay their dues and assessments. It is important that associations develop a collection policy and follow it consistently, as a collection policy of doing nothing could be a breach of a board’s fiduciary duty. Having knowledgeable and experienced legal counsel is an integral part of any condominium association collection policy – it makes a difference.
The Husch Blackwell Condominium & HOA Law Team has a proven collection strategy. Since 2012, our team has collected over $8.4 million in dollars and property. You can learn more about why our collection strategy works in this white paper or radio spot.