Late Payment Policy
Late Payment Policy
The monthly Common Expense Assessments shall be due and payable on or before the 1st day of each month. In the event that the full amount of the monthly Common Expense Assessment, or any portion thereof, remains unpaid as of the Second (2nd) day of the month, a late charge shall be applied to the account in the amount of Twenty Five ($25.00) Dollars. In addition thereto, any and all unpaid assessments shall accrue interest at the rate of twelve percent (12%) per annum.
A copy of this Resolution shall be distributed to all Unit Owners of record and posted on the Village of Sewickley Hills website.
The Late Payment Policy shall become effective June 1, 2011.
The late fees applied to all delinquent accounts through the date of this Resolution shall be adjusted to twelve (12%) percent per annum, and the Late Payment
Policy shall apply thereto beginning on June 1, 2011.
Village of Sewickley Hills Condominium
Executive Board