Do all condos have association fees?

Answer Yes, generally. Associations levy assessments against unit owners in order to pay for communal expenses. These might include:Master insurance policy premiumsLandscape, pool, public recreational are... Read More »

Top Q&A For: Do all condos have association fees

How often do association fees need to be paid in condos?

Your governing documents are specific about your responsibility to pay your assessments. Sometimes, assessments are due on an annual basis and payable monthly.

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 »

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 »

After a foreclosure are you still liable for the banks attorney fees or your delinquent home owners association fees?

Foreclosure of an HOA unit usually means that someone other than you owns the unit.Depending on your situation, and depending on the claim filed for monies you owe, you may be personally liable for... Read More »