As community associations are not-for-profit corporations, collecting money due and owing to these communities is critical. Over the years, K&M has written many articles and participated in many presentations about the collection process. For this reason, many of you understand the importance of collecting assessments. However, a key component of this collection process that we do not talk about often is the process to be followed and the pitfalls to avoid when assessing amounts to an owner’s account.
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