Common Expense Collections
Condominium corporations have the opportunity to collect 100% of outstanding common expenses, 100% late payment interest, and 100% costs incurred in the collection process if best practices followed.
More and more, the Courts are scrutinizing condominium corporations’ collection practices – particularly in terms of the costs involved.
When Elia Associates’ Best Practices are followed with respect to the collection of common expenses, we have been consistently successful in recovering debt.
For your convenience, we will be continuing our practice of accepting lien instructions until the last possible moment. Check out our calendar to to note the Notice of Lien (Form 14) and Lien Registration deadlines.