Can a condominium association write off assessments that were unpaid?

Depending on the status of the unpaid assessments, you may need or want to write them off as bad debt.

If collection efforts are ongoing to recover the debt, I would not write them off, but as a conservative treasurer, I would discount them and consider something less than 100% of that value is projected revenue.


If there are no collection efforts, or if those efforts have failed, you may be able to write them off. Your governing documents will guide you, as will your individual state law.


The key is to keep a wide trail and document whatever action the board opts to take in this case.