Your governing documents will give you the answer you want.
Typically, the board files a lien against the owner's title for unpaid assessments with the local court.
As a last resort, the association may foreclose on the unit and sell it, to pay the owed debts.
Yes, it is possible to lose your mortgage-free home in New Hampshire for nonpayment of condo fees. Condo fees are considered a lien on the property, and if they are not paid, the association may take legal action, including foreclosing on the property. It is important to review the specific terms and conditions of your condo association to understand the potential consequences for nonpayment.
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 past-due assessments.
Of course you can. In most states, condo fees become liens on the condo, so a secured debt. You would have to file a C. 13 and plan to pay off the arrears as a secured debt.
There is no standard, plus all fees are negotiable. The real estate agent involved in your transaction can explain fees to you.
You can wait for the association to take action against you for the debt you owe, or you can take action and explore payment plans that fit into your current situation.
YES. Condo Fees
The board or the association manager can answer your question.
Not usually. Your monthly assessments -- fees, you write -- pay to operate the community and save money for major repairs.
Probably not. Just as you can't claim ownership of property to which you have no title.
Yes.
The outstanding fees will show up at the closing. Obtaining a certificate that there are no fees due is an automatic part of a closing on a condo unit or a property subject to any association fees.
Condominium living implies assessments, regardless of the amenities owned by the association.