HOA assessments in Temple Terrace must comply with FL §720.3085, including itemized budgets, proper notice, and statutory lien procedures for nonpayment.
FL §720.3085 gives HOAs authority to levy regular and special assessments per the governing documents. Boards must adopt an annual budget at an open meeting after 14 days notice. Unpaid assessments bear statutory interest (18 percent or the rate in the declaration, whichever is less) plus late fees up to 25 dollars or 5 percent of the installment. Liens must include a pre-lien notice sent 45 days before filing; foreclosure requires another 45-day demand. Safe-harbor for first mortgage holders caps their past-due liability at 12 months or 1 percent of original mortgage.
Contact your local code enforcement office for specific penalty information.
See how other cities in Hillsborough County handle assessment & dues.
See how Temple Terrace's assessment & dues rules stack up against other locations.
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