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HOA Assessments, Fees & Fines: Living at Bridges
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NOTE: This article is currently being edited and is not to be considered final. This message will be removed once complete. This article is under construction and should not be relied upon for any info. Please see your governing docs or inquire with management for actual details.
The following is the delinquency policy, fine policy, and schedules for fees and fines, as provided for in the Declaration of Covenants, Conditions and Restrictions of Living at Bridges Homeowners Association and RCW 64.38.020.
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Association Policy
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| Assessment Amount Per Home (2023) |
$330 |
Quarterly (prior to July 1, 2022,
it was $110 monthly on the first of each month) |
| Due Date |
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The 1st of each Qtr Jan, April, July, Oct |
| Grace Period |
15 |
days |
| Late Fee/mo for balances |
$15.00 |
Monthly on unpaid balances |
| Delinquent Balance Interest |
1% |
monthly, 12% per annum |
| Delinquency administrative letter charge, through May 2022 |
$15 |
each |
| Management delinquency demand letter charge, through May 2022 |
$25 |
per annum |
| Returned Check Fee (each check), through May 2022 then $25 |
$35.00 |
Does not include any issuing bank fees. |
| Lien Filing/release Fee |
$ per legal cost
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each |
| Escrow Transfer Fee |
$100.00 |
or going mgt rate |
| Maintenance Reserve Fee |
$500 |
Upon resale of home, paid by buyer |
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Delinquency Charges1
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| Special Assessments Setup (one-time) |
$5/unit per billing cycle |
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Special Assessments Maintenance
(multiple month billing) |
$10/unit per billing cycle |
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Special Assessments Maintenance
(multiple month billing & tied to a Loan) |
$15/unit per billing cycle |
SA with loan are billed as $15 minimum per month per unit, PLUS
quoted services for Agents additional scope of work |
| Return Check/NSF Processing |
$35 each |
Billed to Association, then assessed to Property Homeowner |
| ACH / Auto-Debit Set Up |
$5 each |
One-time set up fee for all ACH or auto-debit transactions |
| Delinquency Administrative Letters |
$15 each |
Written action step; assessed & reimbursed by Property Owner |
| Payment Plan Monitoring Letters |
$15 each |
Written action step; assessed & reimbursed by Property Owner |
| Delinquency Demand Letters |
$25 each |
Written action step; assessed & reimbursed by Property Owner |
| Pre-Lien Delinquency Letters |
$90 each |
Written action step; assessed & reimbursed by Property Owner |
| Attorney/Collection Delinquency Turnover |
$225 each |
Written action step; assessed & reimbursed by Property Owner |
| Attorney/Collection Delinquency Notices |
$15 each |
Written action step; assessed & reimbursed by Property Owner |
| Notice of Lien & Recording Service Fee |
$ per legal cost |
Includes delivery to county, plus recording fees |
| Release of Lien |
$ per legal cost |
Preparation of release, plus recording fees |
1) Billed to association, assessed to homeowner, then reimbursed to association. These apply through May 2022 only.
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Fines
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| First Notice |
none |
| Second Notice Fine |
$50.00 |
| Third Notice Fine |
$100.00 |
| Fourth Notice Fine |
$200.00 |
| Fifth Notice Fine |
$400.00 |
| Ongoing Violations After 5th Notice |
$100/mo |
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