Community Associations Suspending Use Rights for Common Elements, Amenities
In 2010, at the height of the recent foreclosure crisis, community associations in Florida gained an effective tool to aid them in their efforts to collect upon delinquent assessments. It was at that time that the legislature amended Florida law to authorize community associations to suspend the rights of unit owners and their tenants to use portions of the community’s common elements and amenities if the owner became delinquent by more than 90 days in their obligation to pay association monetary obligations, including assessments. Read the article…………….
For lenders, prior to taking a mortgage on property within a condominium or homeowners’ association community, it is important to
Illinois law provides that any owner, lessor, occupant or other person in charge of residential property who “removes or attempts