Are home owner association fines legal in New York?
Yes. And they should be commensurate with fines charged in the area to tenants in buildings owned by landlords, and perhaps regulated by the local municipal authority.
Do home owner association fines have a statue of limitations?
Usually not. However, realize that when you don't pay your assessments, fines or special assessments -- for which the lien was filed -- you continue to ask your neighbors to pay your bills. You can...
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Are fines imposed upon home owners for rules violation legal and collectible in a home owners association?
If the violations and fines are set forth in the associations's covenants and bylaws, yes, they are.
Can home owner association in New York fine people?
The association can fine owners. Read your governing documents to identify rules and regulations, and the fine schedule associated with violating each.
Two people purchased home with a home owner association and are not part of the association?
If the homes are within the provenance of the association, the new owners are automatically members of the association and are required to pay monthly assessments and live in the property according...
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