Orange County HOAs collect assessments per FL §720.308. Late assessments accrue interest up to 18 percent, late fees up to greater of $25 or 5 percent. Unpaid assessments become lien on property; HOA can foreclose.
FL §720.3085 governs assessment liens and collection. HOA must provide 45-day notice of intent to lien and 45-day notice of intent to foreclose. Assessment obligations run with land; new buyers inherit unpaid amounts up to limits in FL §720.3085(2)(c). Special assessments require membership approval per governing docs (typically majority vote). Reserves required for condos under FL §718 but optional for HOAs unless governing docs mandate. Annual financial reports required based on HOA budget size.
Member non-payment: interest 18 percent, late fees, lien recording, foreclosure. HOA procedural errors: can void collection efforts, member may recover attorney fees.
See how Orange County's assessment & dues rules stack up against other locations.
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