TIME TO PAY UP

The provided link leads to an article titled "Time to Pay Up" on the ToCondoNews website. The article discusses the importance of timely payment of condo fees or common expenses by condominium residents. It highlights the significance of condo fees in maintaining the proper functioning and upkeep of the condominium community, including services, repairs, and amenities. The article addresses the potential consequences of late or unpaid fees, such as financial strain on the corporation, deferred maintenance, and potential legal actions. It emphasizes the responsibility of residents to fulfill their payment obligations and the role of the condominium board in enforcing timely payments. The article provides insights into strategies for encouraging prompt payment, such as effective communication, reminders, and penalties for non-payment. It aims to raise awareness among residents about the importance of meeting their financial obligations and contributing to the financial health of the condominium community.