§ 6808 Homeowner Assessment Debt Liability

• •If you own a home in a shared community (like a condo), you have to pay fees for shared things like pools or gardens.
• •If you pay late, you might have to pay extra money like late fees or interest.
• •If they have to chase you for the money (like hiring a lawyer), you have to pay for that too.
• •This debt stays with the owner who didn’t pay, even if they sell the home later.

You own a condo and forget to pay your monthly fee for the building’s upkeep.

The condo group can charge you extra for being late, and if they have to get a lawyer to make you pay, you’ll owe even more. This debt is yours, even if you sell the condo later.