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HomeCondo and HOA Assessments (Page 2)

Condo and HOA Assessments

Til Death Do Us Part, Or Do We?: Collecting Community Association Assessments from a Deceased Owner in Michigan             The 2021 Michigan Community Association Fact Book (the “Fact Book”) compiled by the Foundation for Association Research estimates that from July 1, 2019, to July 1, 2021

A necessary component of running a functional condo association is the collection of delinquent maintenance assessments. While many condo associations can yield account resolution through a demand letter and/or recording a lien against the unit, some delinquent accounts may require the initiation of foreclosure,  which