What condo association fees cover?

Answer Every condominium association, which is the business that protects, maintains and preserves the real estate assets that you own communally with all the other unit owners, requires money to operate ... Read More »

Top Q&A For: What condo association fees cover

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 »

Can Florida condo association turn off electricity for the lack of payments of condo fees?

Read your governing documents to determine which actions your association can take in order to collect assessments that you owe and do not pay. As well, it's reasonable, for example, that if you d... Read More »

How does a condo association report owners delinquent in paying their condo fees?

The association wants to do more than report owners delinquent. The association wants to collect the debt. Check your governing documents to discover whether or not your assessments are automatica... Read More »