Collection Policy under Empire Management Group

Grace Period: 10 Days
Any balance not paid before end of day the 10th, will incur a late fee of $25 and 18% interest per annum and continuously accrue interest until the account is paid in full.

Collection Notices

30 Day Notice of Late Assessments (NOLA):
Sent after 30 days of delinquency providing the property owner 30 days to pay the assessment in full, plus any late fees and interest. This letter may be sent by the Association’s management team or its attorney, and the outstanding balance due would include collection fees, including possible legal fees and costs, which must be paid by the Owner in order to bring the account current.

45 Day Notice of Intent to Lien:
Sent after the expiration of the 30-day notice.
If payment in full is not received prior to the expiration of the 45 Day Notice of Intent to Lien, or if the homeowner failed to enter into an approved payment plan, then the Association will have a Lien recorded in the county’s Official Record Books and a 45 Day Notice of Intent to Foreclose the lien will be sent by the Association’s attorney and would include additional fees and costs which must be paid by the Owner in order to bring the account current.

Note: All payments received will be applied per Florida Statutes, with the funds applied first to interest, late fees, costs of collection and attorney’s fees before being applied towards delinquent assessments irrespective of any limiting language placed on a memo line.

Payment Plans:
Requests for payment plans will be accepted and bound by written document if the Owner can repay the full delinquency and on-going assessments within a 6-month period to include ongoing dues and a 25% deposit ; however, interest and late fees will continue to accrue.

Attorney:
Accounts may be turned over to the attorney as early as the expiration of the 30-Day Notice.