Colyvan Pacific Acounts Receivable Procedures

If money is owed to the Strata (e.g. maintence fees), Colyvan Pacific will follow the following:

Current            Standard form letter with warning of the fine if the balance owing is not cleared.
31 - 60 days    Standard form letter with the fine and interest plus a warning that the issue may
                        be escalated to a 14 day Demand (Lien) and going to collections.
61 - 90 days    14 day Demand (Lien) with continuing fines and interest plus a warning that the
                        issue may be escalated to collections.
Over 90 days   Accounts Receivable is sent to the Strata's Lawyer for collections.