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HOA Assessments, Fees & Fines: Lake Meridian Village

The following is the delinquency policy, fine policy, and schedules for fees and fines, as provided for in the Declaration of Covenants, Conditions and Restrictions of Lake Meridian Village Home Owners' Association and RCW 64.38.020.

Assessment Amount Per Home (2020) $ 2,340.00 Annual, paid monthly
Due Date (2020)   01/01/2020 Paid monthly on the 1st 
Grace Period   20 There is a 20 day grace period.
Assessment Late Fee $ 25.00 Monthly
Assessment Delinquent Interest   0.3% Per month (10% per annum)
Special Assessment Late Fee $ 25.00  
Special Assessment Delinquent Interest   0.3% Per month (10% per annum)
Collection Service Fee $ 25.00 per month
Returned Check Fee (each check) $ 25.00 Does not include any issuing bank fees
Lien Filing/release Fee $ 330.00  
Legal Handling Fee $ 50.00  
Escrow Transfer Fee $ 100.00  

 

Fines

First Notice   none
Second Notice Fine $ 25.00
Third Notice Fine $ 50.00
Fourth Notice Fine $ 100.00