Tennessee Amends Condominium Lien Law to Clarify Lack of Superpriority Right
On April 19, 2016, Tennessee Governor Bill Haslam signed HB 2401, amending Tennessee’s condominium statue to make it clear that condominium associations cannot acquire a “superpriority” lien that trumps a first security interest on the same property. As a result of the amendment, it is now clear that under Tennessee law a condominium only has a “payment priority” interest – that is, the right to receive six months’ worth of delinquent common expense assessments owed by a unit’s owner when the mortgagee forecloses on the property. Read the article…….
Negotiating a check which indicates “payment in full,” may estop the Association from collecting any more funds from that owner,
(VA) HB 1034 Personal property tax; transmittal of certain information to the commissioner of the revenue
Personal property tax; transmittal of certain information to the commissioner of the revenue. Requires certain entities (e.g., homeowner’s associations and
In the case of Sanchez v. Cobblestone Homeowners Ass’n of Clayton, Inc. 2016WL4598554 (September 6, 2016), the defendant Cobblestone HOA