Renton HOA Rules: Assessment & Dues Rules (2026)

HOA assessments in Renton are governed by state law. RCW 64.90.525 requires the board to adopt an annual budget, deliver it to owners, and hold a ratification meeting at which owners may reject the budget by majority vote of all owners; otherwise it is deemed ratified. Special assessments follow the same ratification process unless the governing documents specify otherwise. Unpaid assessments create an automatic statutory lien against the unit under RCW 64.90.485, which has priority over most other liens except taxes and first mortgages (with a 6-month super-priority portion). Late fees, interest up to 12 percent, and reasonable collection costs can be charged, but only if authorized in the declaration or rules adopted after notice. Foreclosure of an HOA lien requires strict compliance with RCW 64.90.485 notices and a 90-day cure period. Older HOAs under RCW 64.38 follow similar but less formal rules. Owners have a right to a payment plan and to inspect financial records under RCW 64.90.495.