Definition
A monetary penalty imposed by the HOA for rule violations, accumulating daily until cured. Fines can grow surprisingly fast and are collected like assessments.
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Fine amounts and procedures vary by state and HOA bylaws. Typical fines range $25-$300 per violation per day. Fines can accumulate quickly; a $100 daily fine reaches $3,000/month for uncured violations. Fines are collected like assessments and can result in liens.
Pro Tip
Prevent fines by maintaining compliance or quickly curing violations. Fines accumulate rapidly and are difficult to dispute once assessed.
Example
An owner receives a $50 fine for an unapproved exterior paint color; if not cured within 30 days, continues accumulating at $50/day