Question:
I’m wondering if you have a payment plan agreement for Texas. Thank you very much!
– Tammy
Answer:
Hi Tammy,
Section 209.0062 of the Texas Property Code states that associations with more than 14 lots must “adopt reasonable guidelines to establish an alternative payment schedule by which an owner may make partial payments to the property owners’ association for delinquent regular or special assessments or any other amount owed to the association without accruing additional monetary penalties.” The minimum term for payment plans is 3 months.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
