Question

 Are condo fees covered by homeowners loss of use?

Answer Your individual (HO-6) policy will detail whether or not your monthly assessment payments are covered when you loose use of your condominium. Your insurance agent will be able to answer this questi... Read More »
http://wiki.answers.com/Q/Are_condo_fees_covered_by_homeowners_loss_of_use

Top Q&A For: Are condo fees covered by homeowners loss of use

Is there a law regarding condo fees I live in a four-unit condo One of the members has not paid his condo fee for 7 months?

Yes, and the law is a local state law, plus the governing documents under which the association operates the property. Read your governing documents and follow the guidelines there to collect the p... Read More »
http://wiki.answers.com/Q/Is_there_a_law_regarding_condo_fees_I_live_in_a_four-unit_con...

If a property management company omits an account and fails to collect the fees due should the management company reimburse the homeowners association for the loss?

Answer lien it's not a property management duty to pay HOA fees, it is owners duty,but property management Co may be able to pay due to HOA from the proceeds of the rent collected by them..if owner... Read More »
http://wiki.answers.com/Q/If_a_property_management_company_omits_an_account_and_fails_t...

If you own your home outright and the condo association has placed a lien on it for unpaid condo association fees can they take your home if the fees are not paid?

Yes.Read your governing documents to verify that your monthly assessments represent an automatic lien on your title.When your board decides to file a formal lien, they are taking one of several ste... Read More »
http://wiki.answers.com/Q/If_you_own_your_home_outright_and_the_condo_association_has_p...

When a condo owner does not pay monthly fees can the association collect late fees or interest?

Yes, generally. Your governing documents could be very specific on this issue. (Generally, assessments are levied against owners in order to pay the operating expenses of the community. Often, not ... Read More »
http://wiki.answers.com/Q/When_a_condo_owner_does_not_pay_monthly_fees_can_the_associat...


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