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Payment Plan
If you have already received a Collection Notice or been contacted on behalf of your Home Owners' or Condo Association Attorney, you are not eligible to engage in a Payment Plan with the Management Office. Please contact the Attorney directly via the contact information on the correspondence that you received.
If have not been contacted or received correspondence from an Attorney, you may be eligible for a Payment Plan through the Management Office. Payment plans are not confirmed until you receive acceptance in writing from the Management office (Southwest Management Services). Southwest Management Services has no obligation to accept a Payment Plan Agreement with any owner at any time.
Payment Plan Agreement Terms:
I agree that demand of payment, presentment for payment, notice of dishonor, notice of non-payment, and all other notices except those required by law are hereby expressly and severally waived by the debtor, and is understood that the “Association” or Southwest Management Services may, without notice, and without affecting liability of such debtor, renew and/or extend this agreement, accept partial payment thereon, or settle or compromise the amount due or owing.
Notice is given that “Association” or Southwest Management Services may at its option, report and access good and bad credit information (i.e., credit ratings, etc.) to/from credit bureaus and other appropriate entities. If I fail to comply with the terms and conditions of this agreement, the “Association” or Southwest Management Services may:
1. refer the account to a collection agent for further collection efforts,
2. initiate legal proceedings,
3. withhold “Association” benefits, amenities, or services, such as access to amenities and other priveledges and
4. assess all costs of collection.
Notice is given that the “Association” or Southwest Management Services, in the usual conduct of its credit granting and collection activity, may release my account information for collection purposes.
If I fail to make any payment when due, the “Association” or Southwest Management Services may declare my entire balance due and payable 15 days after giving me written notice of default and after my failure to cure such default.
I agree to pay all fees due and payable, including but not limited to assessments, administrative fees, legal fees, special assessments, and interest. I understand that my total balance must be paid within six months from the date of Payment Plan Agreement. Interest will continue to accrue on all outstanding balances at a rate of 1 ˝% per month. Failure to make an installment payment or honor the Payment Plan will result in the account in being referred to legal counsel for collection. Any and all administrative or legal fees would then be applied to my account.
Association:
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First Name:
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Last Name:
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Property Address:
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Account Number:
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Date of Payment Plan Agreement:
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Balance as of Date of Payment Plan Agreement:
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I agree to the terms and conditions of the Payment Plan Agreement:
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I understand that my first payment must be made within 24 hours of confirmation of acceptance of Payment Plan Agreement by Management Company 'SMS':
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