Glossary
What is a late fee?
A charge added when an assessment is not paid by its due date. The amount, the grace period, and any interest are set by the governing documents within what state law allows.
In Havn
Late fees in Havn post on the date the collections rule says, with the grace period and the cap for the state built into the rule.
CollectionsA late fee is usually a flat amount or a percentage of the overdue assessment, charged once a grace period passes. Many states cap it or require it to be reasonable, and require that it be stated in the governing documents before it can be charged. Interest on the unpaid balance is a separate item with its own limits.
Late fees are the first rung of collections. Waiving one for a first offense is common and is a board decision recorded in the minutes.
Keep Reading
Guides
- HOA Online Payments: Fees, Autopay, and SetupOnline payments cut late dues more than any letter.
- How to Collect Delinquent HOA DuesCollections is a calendar, not a confrontation.
Templates
- HOA Dues Increase and Special Assessment Notice TemplateA free HOA letter template for a dues increase or a special assessment: the new amount and when it starts, why, the payment schedule, how to pay, and where to ask questions.
Laws and Documents
- HOA laws by stateEvery state's association statutes and resale rules on one map.
- HOA letter templatesFree notices, ballots, and letters a board can copy and send.
See how Havn handles it with your own community.
HOA management software with a homeowner portal owners actually use. Resale documents are included; the requester pays for each one.