How are HOA fees paid?
I’m considering buying a condo, which would of course mean I am responsible for paying HOA fees. How are these fees paid; by cash, check, or credit? By mail, in person or online? Will I receive a bill in the mail?
- 5 months ago
Usually by check or direct debit.
- Beverly SLv 75 months ago
Depends on what types of payments the HOA accepts. It's totally up to them.
- realtor.sailorLv 75 months ago
Make your purchase contract "subject to" review and acceptance of the HOA rules, regulations and budget.
- BobLv 75 months ago
We pay ours by check.
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- Anonymous5 months ago
Contact the HOA or read the bylaws.
- curtisports2Lv 75 months ago
We pay ours by check. We do not receive a bill. Everyone knows when the fee is due and a late fee is added if not received at the PO Box by ten days after the due date, no matter what the postmark says.
- Oh Boy!Lv 55 months ago
Depends on the association. You'll have to ask your agent.
- LILLLv 75 months ago
Each HOA have different policies. You would need to ask them or read their bylaws.
- Wayne ZLv 75 months ago
My HOA accepts checks or debits from bank accounts.
Mine is set up to auto-debit each month.
- SimplytheFACTSLv 75 months ago
varies by HOA, should never be cash, often is electronic...i just have my bank mail a check since the HOA refuses to join the 21st century, that way I have proof of payment, i doubt many take credit
My HOA sends out the bill at the beginning of the fiscal year...and its paid monthly