When an owner doesn’t pay their fees then it has the potential to adversely affect other owners.
The expenses continue and need to be paid. Even if there is extra money being put away (aside from the sinking fund) unforeseen expenses soon consume this money.
So, if one owner is behind on their levies then the other owners have to pay additional levies to keep the OC financial leading to even more unpaid levies.
A vicious circle. I’m not sure of the answer but being proactive in recovering overdue fees is essential. And the OC isn’t a financial advisor, nor is it a lending facility, e.g. a bank, therefore it behoves the late paying owner to seek independent advice about getting financial.
And for recalcitrant owners who simply refuse to either pay, or engage with the OC, the surely xCAT should have the power to sell the place to recover money?