Bellsmith Regency Assessment Billing
Online payments require a log-in.
If you need assistance obtaining a password, please contact Homeowner Management Services at 770-667-0595 or HMS@hms-inc.net
Types of Assessments
General Assessments
2023 Assessments are $300.00 monthly.
Assessments are billed Monthly.
No Special Assessments have been levied in recent years.
The payments are due on the 1st of the Month.
Late Fee: Late Payments are subject to 10% Interest
There are a number of possible penalties regarding late payments.
In 2023 Initiation Fees are ten times (10x) the monthly assessments.
Special Assessments
Special assessments can be levied in the event of an unexpected expense.
The reserve account is designed to avoid special assessments as much as possible, creating a savings account for capital improvement and major maintenance projects such as road repaving and pool resurfacing.
There are NO SPECIAL ASSESSMENTS in 2021.
There were NO SPECIAL ASSESSMENTS in 2020.
Specific Assessments
Specific assessments are unique to one or more particular owner and are due to a service, or benefit that is "specific" to that home.
The Reason for Assessments
Assessments ensure your community can operate effectively, paying all the operational expenses and accumulating reserves for future projects such as road paving and pool resurfacing.
Assessment include maintenance of the fire sprinkler system, termite bond, water, trash, exterior pest control, gate, road, and pool maintenance.
All streets up to Upper Hembry are Privately owned by the Association.
The Association dues cover the MASTER Insurance only; however, the units are fee simple.
This means that the individual homeowner is responsible for their own insurance.
Maintaining insurance is a requirement.
Insurance must be maintained at 100% replacement cost by the homeowners.
Units are fee simple which means the the individual owners are responsible for the maintenance of their own units. However, there are some exceptions to this structure. For additional details on Townhome Maintenance and the division of responsibility between the homeowners and the association click HERE.
Frequently Asked Questions
How do I pay my Assessments?
For your convenience, Homeowner Management Services (HMS) offers several payment options.
Payment choices include: check, money order, and online payments such as recurring payment options, e-check, or credit card payments.
Credit Cards accepted online are Visa, MasterCard, American Express, or Discover.
Please note there is a 3.25% convenience fee charged by the credit card processor.
You may login to our website at www.HMS-inc.net to pay assessments or review your account.
Mail Payments To: HMS Payment Center P.O. Box 908, Commerce, GA 30529
PLEASE DO NOT SEND CORRESPONDENCE TO THE PAYMENT PROCESSING CENTER ADDRESS.
HMS will not receive written correspondence sent to the Processing Center.
Send all written correspondence to:
HMS, Inc. P.O. Box 2458, Alpharetta, GA 30023-2458
How do I check my Account Balance?
When you log-in to Homeowner Management Services Accounting Software, you will have 24/7 access to your account balance and transaction history. Log-In
When did I agree to pay assessments?
Every owner of Bellsmith Regency is a member of the Association.
When you purchased your home you agreed to participate in the Association and make timely assessment payments.
Information on the requirements of Bellsmith Regency are recorded in the county records.
Who or what determines the amount of my assessments?
The Board of Directors works with the management company to determine the necessary budget items. The budget total divided by the number of homes determines the monthly assessment.
Where is the money deposited?
Bellsmith Regency has an operating account in the name of your Association that are NOT commingled with other properties. Homeowner Management Services facilitates payments; however, all funds are deposited directly into the Association's operating account.
How can I see the budget?
This website is public, so annual budget information is available to the Association members. All owners must log-in to the management companies accounting software to view this type of information. Log-In
Are my dues escrowed in my mortgage payment?
Escrow is a process of a homeowner's mortgage company collecting funds in advance and ultimately distributed payments associated with the ownership of the property. Some mortgages require property taxes and insurance to be "escrowed". Assessments due to the Association are NEVER escrowed. Assessments are always paid to the Association through the management company.
Do I owe assessments if I just purchased my home this year?
At closing, the attorney prepares a documents that collects assessments. In most cases, the assessments are paid at closing through the end of the month. The following month, the new owner owes the assessments. Refer to your personal closing documents for complete information.
What is an initiation fee?
Initiation fees are capital reserve contributions that are collected from new owners at the closing table. They are a separate line item from the regular assessments.
What happens if I am late paying my assessments?
Penalties for Delinquent Payments
Prompt payments are critical to the health of your Association and your Board of Directors takes this responsibility very seriously.
Interest Fee: Any Assessment which fails to post by the due date shall bear interest from the date of delinquency at a rate of 10% per annum.
Amenities: Failure to remit timely payment in full may also result in the suspension of membership rights including the right to vote on association items, to attend social functions, and the use of the recreational facilities.
Lien: In the event of a delinquency, there will be an automatic lien on your property.
Legal Action: Non-Payment can also result in legal action including garnishment of wages, bank accounts, or other legal action to the fullest extent of the law. All costs of collections will be charge to the homeowner’s account.
Water Shut-Off
Water is a common expense for the Association. Access to this utility can be suspended.
Please see the information below regarding water shut-off in the event of a delinquency.
The Board of Directors reserves the right to shut-off the water to any unit that is at least 3 months past due.
In the event of a water shut-off, the Association will require a CASH payment of all outstanding amounts
There will also be a utility shut-off and reactivation fee of $150.00.
If you are having difficulty paying your assessments contact Homeowner Management Services as soon as possible.
Who do I call when I have questions about my balance or I am having difficulty paying my assessments?
Homeowner Management Services has a dedicated accounting team available to answer any questions and alert the Board of a Hardship Claim.