Yes.
Your membership in your condominium association, which is the business chartered with the tasks involved with 'protecting, preserving and maintaining' the real estate assets you own in common with all other owners, is not optional. When you purchased your unit, you agreed in writing not only to membership, but to abide by the guidelines established in your governing documents.
You agreed, as well, to pay your monthly assessments, which pay for such operating expenses as mowing the lawn, cleaning the pool, painting the exterior of the building(s), master insurance policy premiums, and regular contributions to reserves which the association uses to pay for replacing major systems, such as the roof(s).
When you don't pay your assessments, the association is required to pursue you for the debt you owe. Penalties for non-payment may include late fees, notices of violation, a lien in your title, and in the worst case, sale of your unit to pay your unpaid assessments.
Read your governing documents to most fully understand your responsibilities and rights as an owner in the private democracy where you own a condominium.
yes but I paid cash for my condo(association dues) , can it be foreclosed if so by who i don't have a mortgage
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.
The association works with the association's counsel to pick a style of lien and file it. An improper lien or one that is not filed properly gives the owner an out. As well, be prepared to present the attorney with evidence that the association has exhausted all other means available in order to collect the past due amounts.
You have to send them a reminder notice when the dues are due. If they refuse, you may initiate legal proceedings against them.
This is a task for your association's counsel. Filling an improper lien, improperly, may give the debtor an easy out of the monies owed.
If a condo resident can't pay an association assessment, the repercussions can vary depending on the bylaws of the association and state laws. Typically, the association might first reach out to the resident to discuss payment arrangements. If the resident continuously fails to make payments, the association may resort to more serious actions, from charging late fees and interest, to placing a lien on the property, or even pursuing a foreclosure. The key is early, open communication to prevent things from escalating. Address the issue as early as possible to find a solution. I've seen similar situations in buildings we managed at Daisy and what worked best was proactive communication and working out a reasonable payment plan.
A Condo association purchases coverage for parts of the property that are commonly owned by the people who own Condos in the development. This is why you pay dues to the association, for insurance and taxes on common property. Most Condo agreements means that you own the property from the bare sheetrock inward, meaning you own the paint, floor covering, furniture, appliances, etc. The commonly owned property is things such as sidewalks, roof, walls, pools, etc. All owners of Condos are also insureds under the Condo agreement. Various Condo agreements can be different, and all are not the same. You need to know how your Condo is set up and what your agreement says.
Yes--if there is a written contract or agreement to pay dues. If the dues are voluntary, then the association has no basis to sue.
It won't. Homeowners insurance is protection from sudden accidental losses, it does cover association dues.
Overall, every state handles these matters differently from every other state. You need a condominium-savvy attorney to help you recover this debt at this late date. Effectively, a lien must be filed with the local court.
Call them and ask them to send you an application. You must pay dues and pass their Firearms Safety Course. They are all about responsible gun ownership.
It all depends. If the governing documents for the association and state law indicate that assessments -- you call them dues -- are automatically liens against the title, and have a priority position ahead of any mortgage lender, then filing a lien means that the unpaid assessments can be paid first from any proceeds of sale.