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FAQ |
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| Assessments |
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Can an owner avoid paying assessments for the common expenses of the property? No. All owners must pay their fair share of common expenses. If a payment is late, the Board is required to impose penalties and is empowered to take collection actions, if necessary.
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Can homeowners’ assessments be increased? Yes, annual assessments may increase each year to the extent allowed in Association Bylaws. Special assessments may be levied for major periodic expenses related to capital or common area needs.
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Is there an annual membership assessment fee for Bristow Village? The Board of Directors of the Association sets the annual assessment and notifies homeowners in early December of each year. Homeowners may pay the entire annual amount in advance or in quarterly installments beginning January 1 of the year. Payment of assessments is both a legal obligation and an investment in the preservation of the community.
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