Annual Assessments
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Annual Assessments

When you purchase a home or property in a covenanted community, you are required to pay an assessment fee to the Homeowner's Association (HOA). This assessment pays for the expenses accrued by the HOA, which includes but is not limited to common area maintenance, utilities, service contracts, insurance, and reserve funds. In Raintree Village, the assessment is due on an annual basis.

All assessments must be made in person, by mail, or online. Telephone payments and cash payments are not accepted. 

All payments must be made payable to Raintree Village HOA.

In Person / US Mail
• Personal Check
• Certified Funds
• Money Order

Online
• Credit Cards: 2.95% of total payment amount
• Debit Cards: $4.95 per payment
• E-Check One-Time: $2.00 per payment
• E-Check Recurring: $2.00 per payment
All fees are charged by the online processor. Neither Raintree Village HOA or KPM Management receives any portion of these fees.


Raintree Village HOA observes the following guidelines as they pertain to collecting assessment payments.


November 30
Initial invoices are mailed out by this date from KPM Management.
If your address has changed over the course of the previous year, please contact us to update your account information so as to ensure that you receive your invoice. Remember, it is your responsibility as an owner to keep your information up to date.
If you choose to pay your assessment early, we will accept your payment and will credit it to your account.

January 1
Assessments become due. Payment methods may be found at the bottom of this page.
Payment plan agreements (PPA) may be submitted and processed upon KPM’s office re-opening following the New Year’s Day holiday. PPA information may be found at the bottom of this page.

January 30
The last day to pay your assessment in full without accruing any late fees or interest.
The last day to enter into a PPA without accruing late fees.
If you have mailed your payment or your PPA form with first installment, the envelope must be in our office on this date.
If this date falls on a weekend, full payment of the assessment must be paid online or submitted through the drop box of our office. No PPA’s will be accepted in person or by mail on a weekend day as there will be no staff available for verification.

January 31
Accounts are considered delinquent on this date.
Late fees and interest will be applied to all delinquent accounts.
Accounts with an existing PPA in effect will not be charged a late fee, but monthly interest will apply until the total balance is paid off.
If you mailed your payment or PPA form, and it was not received until this date or after, you will owe late fees and interest regardless of the postmark date.

February 1
A reminder letter (first late notice) will be mailed out via First Class US Mail to all delinquent account owners.
Default letters will be sent out to all owners who previously entered into a PPA, but have missed a scheduled payment.
A PPA can still be entered into by delinquent account holders, but will be limited to no more than three monthly payments.

March 1
A warning letter (second late notice) will be mailed out via First Class US Mail to all delinquent account owners.
Default letters will be sent out to all owners who previously entered into a PPA, but have missed a scheduled payment.
A PPA can still be entered into by delinquent account holders, but will be limited to no more than three monthly payments.

April 1
A final warning letter (third late notice) will be mailed out via Certified Mail and First Class US Mail to all delinquent account owners. A $35 certified letter fee will be applied to the account.
Default letters will be sent out to all owners who previously entered into a PPA, but have missed a scheduled payment. A $35 certified letter fee will be applied to the account of anyone who has missed at least (3) payments.
A PPA can still be entered into, but will be limited to no more than two monthly payments.

May 1st
All delinquent accounts, excluding accounts with an existing PPA in effect and in good standing, will be referred to the Association attorney. The attorney can file a lien against the property owner, and all legal fees will be billed to the delinquent owner.

 
 

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