Understanding Reserve Funds and Assessments for Community Associations

Understanding Reserve Funds and Assessments for Community Associations is a guide that helps community associations avoid problems with tips on establishing, funding and properly managing a reserve account.  In easy-to-understand language, identifies pitfalls to avoid with fund assessments and provides model language to use in a variety of situations. Other areas covered in this guide include:

• Tips for better reserve account management
• Efficient assessment collection methods
• How to deal with delinquent members
• How to avoid violating Fair Debt Collections Practices Act when collecting from members