Condo boards must act to recover fees

/ Owner - January 25, 2014

Q: I am a trustee for a small condo association. We have four units in total. A couple of years ago, one unit owner lost his job and was unable to pay his monthly fees. We all liked him and did not take action to recover. Recently, his bank foreclosed and an investor bought the unit. The new buyer tells me he won’t pay for the couple of years of unpaid fees. Don’t we have “super-lien” rights as a condo board?    Read more……..

Comments are closed.