Randolph Place: General Information

Assessment Policies

Action	Date of Action
Assessment Due Date	1st of each month
End of "Grace" Period	10th of each month
$50.00 Late Fee assessed	11th of each month
Collection Letter sent from Board of Directors	end of month
30 Day Notice and Demand Letter for delivery of possession (Forcible Detainer and Eviction Action & Lien)*	10th of second month
File Forcible Detainer and Eviction & Lien*	30days after notice is sent

All of the above actions are to be taken AUTOMATICALLY in each and every case. Consistency of application of the Collection Policy will avoid unnecessary complaints of special and unusual application of the Policy.

Any and all legal fees incurred by the Association in an attempt to collect assessments will be charged to the unit owner as provided in the Declaration and By-Laws of the Association.

* In some circumstances, pursuant to our attorney’s advice, management shall proceed directly to a foreclosure and possession action.

Approved and Adopted: January 19, 2004