Assessments are established each year by the Board of Directors as part of their approval of the Association annual budget. The proposed budget is published in the bi-monthly magazine, Lake Ridge Today. The Board approves a final budget in July for the upcoming fiscal year.
Payments are due quarterly on the 1st of September, December, March and June. Coupon booklets are the only billing provided each year to Homeowners. These are mailed out the first part of August. See the Assessment Roster for your payment information.
How to Make a Payment
The Association strives to make its processes as convenient as possible for Homeowners to navigate. Assessment fees can be paid any of the following ways:
|Send check/money order with your account number listed and coupon enclosed to the address listed on the coupon. Be sure to put in the mail early enough to arrive by the due date.|
|Online||Pay by credit/debit card or e-check on PayLease or Union Bank.|
|Association Office||Office Hours - Pay at the front desk from 8:00am - 5:00pm, Monday - Friday. Check, money order and credit/debit accepted. Card payments incur a 3.5% convenience fee.|
After Hours - Drop off check/money order payments in our drop box located to the right of the front door.
|Bill Pay||Pay through your financial institution. NOTE: Your bank may not send payments electronically.|
|Direct Debit||Apply today by completing the Direct Debit Authorization Agreement (PDF) to have payment withdrawn from a designated checking account each quarter. There is no fee for this service, but sign up is required.|
- Cash not accepted -
Contact the Association office at 703-491-2154 if you have any questions regarding your account balance.
A late fee of $25 is assessed when payment is not received by the 15th of the month due. An additional $25 late fee is assessed if payment is still not received by the 30th of the month due. Late fees are not removed. There is a $50 fee charged for each returned payment.