How often are liens on condo fees updated?

Answer If your association has filed a lien on a title for unpaid assessments, the board worked with an association-savvy attorney to file the formal lien. Depending on the type of lien filed, the attorne... Read More »

Top Q&A For: How often are liens on condo fees updated

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 »

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 »

In relation to collecting condo fees what are actual attorney fees and costs?

Since every set of circumstances is different, there is no exact answer to your question. Here are some of the variables to consider: The attorney's hourly feesThe filing fees for filing the lienT... 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 »