HOA Delinquency Payment Plan Agreement
FinanceFormal agreement between the HOA and a delinquent homeowner establishing a structured payment plan to bring the account current.
Payment plans are a compassionate and practical alternative to liens and legal collection for homeowners experiencing temporary financial difficulty. A written payment plan agreement protects both parties by documenting the total amount owed, the payment schedule, the consequences of missed payments, and the conditions under which the plan may be modified or cancelled.
- Total delinquent balance including fees and interest
- Payment schedule with specific dates and amounts
- Method of payment and late payment provisions
- Consequences of missed payments
- Condition that the plan does not waive the association's lien rights
- Signatures of the homeowner and a board officer
Offer this agreement when a homeowner requests a payment plan or when the board wants to avoid the cost and community tension of a lien or lawsuit. Have your HOA attorney review the form before use.
[COMMUNITY NAME] HOMEOWNERS ASSOCIATION ASSESSMENT PAYMENT PLAN AGREEMENT Date: [DATE] Homeowner Name: ___________________________ Property Address: _________________________ Account Number: ___________________________ OUTSTANDING BALANCE Principal Assessments Owed: $[AMOUNT] Late Fees: $[AMOUNT] Interest: $[AMOUNT] Legal / Collection Costs: $[AMOUNT] TOTAL BALANCE DUE: $[AMOUNT] PAYMENT PLAN TERMS The Association agrees to accept payment of the total balance according to the following schedule: Payment 1: $[AMOUNT] due on [DATE] Payment 2: $[AMOUNT] due on [DATE] Payment 3: $[AMOUNT] due on [DATE] Payment 4: $[AMOUNT] due on [DATE] All payments must be received by [TIME] on the due date. Payments shall be made by [check / ACH / online portal]. CONDITIONS - Current monthly assessments must continue to be paid on time in addition to the plan payments. - Interest will continue to accrue on the unpaid balance at [X]% per [month / year]. - Failure to make any payment within [X] days of the due date will result in immediate termination of this plan and acceleration of the full balance. - This agreement does not waive the Association's right to record a lien or pursue legal collection. ACKNOWLEDGMENT Homeowner Signature: _________________________ Date: ____________ Board Officer Signature: _____________________ Date: ____________
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Offer this agreement when a homeowner requests a payment plan or when the board wants to avoid the cost and community tension of a lien or lawsuit. Have your HOA attorney review the form before use.
LotWize generates this automatically with your community's actual details
Stop filling in brackets. LotWize knows your homeowners, your CC&Rs, and your violation history — it generates hoa delinquency payment plan agreement documents in seconds, pre-addressed and ready to send.
Start 14-Day Free TrialThis template provides general guidance only — not legal advice. HOA rules and document requirements vary by state and by your governing documents. Always consult an HOA attorney before using any document in a legal or enforcement context.