What is considered cheap for condo fees?

Answer Condominium associations develop a budget each year to pay the anticipated operating costs of the condominium community in the next year. If you live in a condominium community with zero amenities,... Read More »

Top Q&A For: What is considered cheap for condo fees

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 »

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 »

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 »