One of the unavoidable realities of being an owner at a condominium association is the obligation to pay membership dues. Typically, a condominium’s board of directors will levy an annual assessment based on a budget that has been ratified by the association’s members. The annual expenses will then be assessed to owners and divided according to each unit’s percentage of “common expense liability” or “allocated interests.” Such dues are usually payable on a monthly basis. Read the article………….
You can hear the clock ticking…you take a look at it and its 2 am! You just can’t fall asleep.
Collection issues are particularly challenging to owner associations when an owner files for bankruptcy. Owners can file 3 different ways
A managing agent’s duties to the association can arise out of the common law relationship of an agent to a