Ronald Barba Legal Answers in Connecticut

What is the collectability of common charges in Connecticut?

What is the collectability of common charges in Connecticut? Among the most important duties of an HOA board … Show More is the collection of monthly common charges.  Having established annual budgetary needs, boards charge unit owners their share of the expenses, usually over a twelve-month period.  Though supported by a strong statutory framework, collection of unpaid common charges places enormous stress on an Association boards as they struggle to meet their financial obligations.  During significant economic downturns, the percentage of defaults climbs.  If the revenues are not recovered, operating costs will not be paid.  Owners often mistakenly believe they can delay payments to …Read More »

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