Reword the following, I simply dont understand, make it with simple words:

Question

What is the Assessment?

The Assessment is usually levied upon the shares each year. The Board of Directors set the amount. Assessment money is used for the up-keep on the water system and helps with the high Insurance Costs or any expense that may occur.

If you lose your shares due to non-payment, the Water Company has to disconnect the service to your property and remove the meter.

If you sell your property, you should inform the new buyer or Realtor that is handling the sale, that Muscoy Mutual Water Co. Stock is involved, so the Shares can be transferred to the new buyer.

Your water bill is based on the water usage and the share amount. Bills are sent monthly, usually between the 1st and 5th of the month.

THE WATER BILL IS DUE MONTHLY

THE ASSESSMENT IS DUE ANNUALLY

Answer 1

What is the Assessment?

The Assessment is a yearly fee that is charged based on the shares you own. The Board of Directors decides how much this fee will be. The money from the Assessment is used to maintain the water system and cover high insurance costs or other expenses that come up.

If you don't pay this fee and lose your shares, the Water Company will have to turn off your water and take away the meter.

If you sell your property, you should let the new buyer or their Realtor know about the Muscoy Mutual Water Co. Stock. This way, the shares can be transferred to the new owner.

Your water bill is based on how much water you use and the number of shares you have. Bills are sent out every month, usually between the 1st and 5th.

THE WATER BILL IS DUE EVERY MONTH

THE ASSESSMENT IS DUE ONCE A YEAR