Accounting

Each quarter the HOA will send out billing invoices for payment. HOA Fees are due upon reciept and should be sent in a timely manner to ensure proper timely accounting of community funds.

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Collection Pollicy

Amounts payable to the association:

The amount shall be deemed to include, but are not limited to, regular assesments, special assesments, specific assesments, interest, late fees, legal fees and other costs associated with collection of funds on behalf of the association.

Payment Schedule:

Unless otherwise provided by the Board, the annual assesment is payable quarterly on or before 1 January, 1 April, 1 July, and 1 October of each fiscal year. Quarterly assesments not recieved (30) days after the due date are delinquent and shall bear interest. Please look for mail or email from Anita J Horn – Bookeeper.

Late Charges and Interest Charges:

Quarterly Assesments are due as outlined in the payment schedule. All Assesments are considered past due (delinquent) if the payment is not recieved within (30) days of the indicated due date. Interest in the amount of 18 percent annum will acrue from the date against all delinquent amounts.

Suspension of the right to vote and use Common Area Recreational Amenties:

The voting rights of any owner who is on the books of the Association to be thity (30) days delinquent in any amounts due to the Association shall be automatically suspended. In addition, Section 5.13 states that the right of any owner to use the Association owned recreational amenities located at Eagle Bay Landing for failure of timely pay assements due. Such suspension will apply to all the members of the Owner’s family, guests, licensees, invitees and lessees if any.

Payment Plans:

Any owners requesting a payment plan must submit their proposed payment plan in writing to the managing agent for review and approval by the Eagle Bay Landing HOA, Inc Board of Directors.

You may email if you have any questions to:

[email protected]