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HOA Assessments - Late Fees & Penalties (Adopted August 19, 2004)



Timely payment of HOA assessment is the responsibility of all Owners. HOA assessments are due to Pinon Glen no later than the 10th of each month.

A $15 late fee will be applied to any assessment received after the 10th of the month in which it was due. A lien will be placed on any property where a monthly assessment is two months past due. Should legal procedures become necessary, all costs incurred shall be charged to the Owner. Approved by the Board on August 19, 2004, the following procedures have been recorded with the El Paso County Clerk’s Office.

Procedures for notification of overdue assessments are as follows:

1. First Notice: A letter will be sent to the homeowner via regular mail (with return receipt) on the 15th of the month when payment has not been received.

2. Second Notice: A letter will be sent to the homeowner via certified mail on the 15th of second month when payment has not been received.

3. Lien: A Lien will be placed against the property unless the overdue assessments and late fees are paid in full by the first of the next month.