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Yes you can, and is it not recommended that you quit paying them.
Your association assessments pay for services to support the community, such as sewer, water, master insurance policy premiums, upkeep and maintenance on real estate assets owned in common and so forth.
When you don't pay your assessments you essentially ask that your neighbors pay your bills for you.
In most associations, your assessments are automatically a lien on your unit, and the board need only to file a formal lien with a court in order to effectively cloud your title and publicize a lien on your property in your name.
Read your governing documents to understand your obligation to pay your assessments -- it's a legal obligation -- and your board's rights and responsibilities to collect them, including foreclosing on your unit in order to satisfy the debt.
Wiki User
∙ 14y ago
No, a condo owner generally cannot stop paying homeowners association (HOA) dues. HOA dues are typically a requirement outlined in the purchase agreement and governed by the association's bylaws. Failure to pay dues can result in penalties, legal action, and even the potential loss of the property.
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If condo association forecloses on an owner does the lender pursue deficiency judgment against the owner or condo association?
Your attorney can help you answer this question, since it requires a legal answer.
Does personal lines insurance include homeowners' associations?
Personal lines insurance typically does not include coverage for homeowners' associations. Homeowners' associations typically have their own insurance policies to cover their common areas and buildings. Individual homeowners may choose to purchase personal lines insurance to cover their own property within the homeowners' association.
What is loss assessment on a homeowners policy?
If a condo association has a loss and the association's insurance is inadequate to cover the loss, the association is permitted to assess each unit owner for the amount they are lacking. However, since there is no negligence on the unit owners part this is generally not covered by the owner's own liability portion of his policy. The unit owner must purchase additional loss assessment coverage to protect against this additional loss assessment scenario.
Is the owner of condo responsible for fixing driveway?
It depends on the specific terms outlined in the condo association's bylaws or the individual condo's governing documents. In some cases, the responsibility for maintaining and repairing driveways may fall on the condo association, while in others it may be the responsibility of the individual condo owner. It is best to review the governing documents or consult with the condo association to determine who is responsible for the driveway repairs.
Live in condo.. A unit owner repeatedly found urinating in garbage bin on condo grounds. What can the association do to this individual?
This sounds like a situation for the police.
Have Florida legislators passed a law to force condo owners to pay their condo fees?
no but trying to If a condo owner falls more than 90 days in arrears of association, the right to use common areas can be suspended by the association until such dues are paid.
If you live in a second floor condo and there is a water leak that causes damage who is responsible?
If you live in a second floor condo and you rent the condo, the leak that causes damage is the responsibility of the owner of the building. If you own the condo, the leak is the responsibility of the owner of the condo with the leak.
In a condo who is the responsible for damage to the fuse panel?
Read your governing documents to determine who owns the fuse panel, the unit owner or the association. As well, your board can help you determine who is responsible to fix/replace the panel and who is responsible for paying for it.
How do you request financial report from homeowners association?
Depending on who you are, you can request one from the association manager. If you are an owner, you are entitled to one, as you are through the owner if you are a prospective buyer. If you are a neighbor, you may not have access to any financial information about the association.
Can the owner of the condominium open the business in condo?
Read your governing documents to determine the uses for your property allowed by the association.
Need copy of condo insurance policy?
A homeowners policy for the owner of a condominium would be form HO-6. This is the policy that you would ask for. It covers the items owned by the condo-owner which is usually from the sheetrock inward. This would include the paint or wallpaper, flooring, and everything else inside the home plus a share of the common items shared by members of the condo association. These items are usually the roof, the landscaping, roads, parking, swimming pools, common rooms or meeting areas. While this is generally true, it may not answer the question. You should be able to obtain a copy of the master policy from the condo association. You can certainly get a copy of your own HO-6 from your own insurance agent.
How can delinquent condo owner's be stopped from renting?
Essentially, since the owner owns the unit, the owner can do whatever the owner wants to do. However, because the association operates under an existing set of conditions, covenants, restrictions and reservations, the owner is subject to them.Read your governing documents to determine how the board officially:Notifies the owner that the owner is in arrears in paying for the operational expenses of the association;Files a lien on the unit that represents a way to collect past-due assessments; andSteps into the revenue stream, so that rental income is paid to the association and not to the owner.Generally, the association's attorney files the lien and then works with the renter to collect rental income. Once the lien amount is satisfied, then the rental income is paid to the owner.
