HOA assessments in Boynton Beach are governed by FL §720.3085. Special assessments require notice and member vote as specified in the declaration. Liens for unpaid assessments attach to the property and can lead to foreclosure.
FL §720.3085 authorizes HOAs to levy regular and special assessments and to record claims of lien for delinquencies. The statute requires a 45-day notice of intent to record a lien and a 45-day pre-foreclosure notice. Late fees cannot exceed $25 or 5% of the past due installment, whichever is greater. Interest on delinquent assessments is capped at 18% per year. Condominium assessments follow FL §718.116.
Contact your local code enforcement office for specific penalty information.
See how other cities in Palm Beach County handle assessment & dues.
See how Boynton Beach's assessment & dues rules stack up against other locations.
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