Electricity Charges – Follow Up to Propose Rule Change

Dear Luma Homeowners,

We received feedback from an owner regarding the proposed rule change for the sub-metering electrical charges we mailed to you recently. See attached notice for reference. Based on that valuable feedback we are providing the below information.

Currently, energy charges appear on your monthly statement. Each unit has its own separate electrical meter and is billed every month by how much electricity they use. At the time of sale, typically a buyer and seller settle on an arrangement that ensures these charges are paid in full to Luma.

On rare occasions, the pending electrical charges are overlooked, and the HOA is left with the outstanding debt. In the future, the Luma Board is proposing a rule change that was recommended Action Property Management’s Accounts Receivables department. Under the new rules, owners will be responsible for charges when they are billed by Luma, even if they did not own the unit when the charges were incurred.

We hope you found this additional information helpful.

Sincerely,
Luma Homeowners Association