Question

 Legal ramifications of stop paying monthly association fees?

Answer You agreed to pay assessments when you purchased your unit. When you fail to pay them, the board may file a lien on your title, sue you, step into your rental revenue stream, and so forth -- and i... Read More »
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Top Q&A For: Legal ramifications of stop paying monthly asso...

What are the legal ramifications of withholding the monthly condo association fee?

The monthly condominium association fee -- properly, assessment -- is a sum of money you agreed to pay when you purchased your unit.Assessments are spent to pay for services that all owners enjoy, ... Read More »
http://wiki.answers.com/Q/What_are_the_legal_ramifications_of_withholding_the_monthly_c...

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...

Can a condo be foreclosed for not paying association fees?

They usually don't foreclose for a condo fee, but they will place a lien on the home, meaning it cannot be sold until the lien is resolved. You can read all about the association's responsibilities... Read More »
http://wiki.answers.com/Q/Can_a_condo_be_foreclosed_for_not_paying_association_fees

How do you fight a condo association that has increased monthly fees?

Your monthly assessments pay bills for services to the entire community. These bills include master insurance policy premiums, payments to reserves -- the savings account being set aside for major ... Read More »
http://wiki.answers.com/Q/How_do_you_fight_a_condo_association_that_has_increased_month...


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