Dues and Assessments

CPCA 2012 Approved Budget

• Annual property owner dues are $850 for all property owners in Carter Plantation and due on January 15 of each year.
• The dues are assessed to fund the necessary expenses incurred to maintain our community.
• These expenses include, but are not limited to:
  • Utilities for Front Gate, Pool, Signs and common areas
  • Common Area lawn upkeep
  • Street Sweeping and cleaning
  • Landscape bed maintenance
  • Landscape bed seasonal improvements
  • Community Pool Maintenance
  • General Community Developments and Expenses

Where does my $850 go?

Your CPCA board has worked diligently this year to conservatively spend and track your annual Association dues. The chart below demonstrates where your money has been going for 2011.

Fee Schedule

• January 15 Due Date
• February 15 Uncollected dues begin to accrue late fees
• February 25 dues and late fees must be received to avoid a lien being filed on your property
• March 1 liens will be filed on all properties with outstanding balances, including outstanding late fees, and the homeowner will be assessed additional costs.
• March 15 past due accounts will be turned over to an attorney.
• A $25 charge for each certified/returned letter will be added to your account.

Late Fees and Other Charges

• Late Fees:
  • In accordance with the Title Restrictions of every property, late charges, collection fees, service charges, interest and attorney fees will be assessed on all payments not received by the due date.
  • Late fees will be calculated on your outstanding balance.
  • The late fees will accumulate until payment is received.
• Lien Fees:
  • For property owners with unpaid dues and late fees, the Association will file a lien on your property.
  • The lien will prohibit a property owner from selling or refinancing their property until the obligation to the Association is satisfied.
  • The lien will be cancelled upon receipt of full payment.  The costs of filing and canceling the lien will be the responsibility of the homeowner.
• Attorney Fees:
  • If necessary, the Association will take appropriate legal action to collect any outstanding balances.
  • If suit is filed against a property owner, the property owner will incur attorney fees.
• NSF Fees:
  • For any check returned as non-sufficient funds, the homeowner will incur an additional fee.
• Excerpt from Title Restriction:
  4.04 Effect of Non-Payment of Assessment; The Personal Obligation of the Owner; The Lien; Remedies of Association.

(a) If any assessment or any part thereof is not paid on the date(s) when due, then the unpaid amount of such assessment shall become delinquent and shall, together with late charges, collection fees and service charges (hereinafter defined in subparagraph (c), and interest thereon at the highest permitted lawful rate per annum and costs of collection thereof (including attorneys’ fees), thereupon become a continuing debt secured by a lien on the Lot of the non-paying Owner which shall bind such Lot in the hands of the Owner, his heirs, executors, devisees, personal representatives and assigns. The Board on behalf of the Association shall have the right to reject partial payments of an assessment and demand the full payment thereof. The personal obligation of the then-existing Owner to pay such assessment shall remain his personal obligation and shall not extinguish upon transfer of the Lot to his successors-in-title. In addition, the lien for unpaid assessments shall be unaffected by any sale or assignment of a Lot and shall continue in full force and effect. No Owner may waive or otherwise escape liability for the assessment provided herein by abandonment of his Lot.

(b) The Board on behalf of the Association is hereby granted permission and authority to provide, at its sole option, written notification to the holder(s) of the mortgage on the lot of the non-paying Owner of such Owner’s default in paying any assessment when such default has not been cured within thirty (30) days.

(c) If any assessment or any part thereof remains unpaid at the expiration of thirty (30) calendar days from and after the due date established by the Board, a late charge shall be assessed against the non-paying Owner for each month, or any part thereof, that any portion of any assessment remains unpaid. Should any annual or special assessment be payable in installments, the Association is authorized to accelerate the entire assessment and demand immediate payment thereof. The late charge shall be in the amount as established by the Board.  A service charge may be imposed as established by the Board.