Hardship Payment Plan Policy
Guidelines for owners experiencing financial hardship who need alternative payment arrangements.
Assessment Hardship Payment Plan Policy
Gulfside Villas Condominium Association, Inc.
The Association recognizes that temporary financial hardship may occur. This policy allows limited accommodation while preserving enforcement rights.
Eligibility Requirements
- Written request submitted prior to lien recording
- Temporary hardship documented
- No default under a hardship plan within the prior 24 months
Payment Plan Terms
Maximum Term
Six (6) months
Interest
Continues to accrue
No Waivers
No waiver or reduction of assessments
Missed Payment
Results in immediate default
Approval Process
- 1Requires Board approval by majority vote
- 2Agreement must be in writing and signed by both parties
Important Notice
This policy does not waive the Association's right to lien or foreclosure remedies.
How to Request a Payment Plan
Submit Request Online
Complete the Hardship Payment Plan Request Form online, or email theboard@gulfsidevillas.org.
Document Hardship
Provide documentation of your temporary financial hardship.
Board Review
The Board will review your request at the next scheduled meeting.
Written Agreement
If approved, sign the payment plan agreement and adhere to all terms.