Condominium and Property Owners' Association Acts; foreclosure on lien for unpaid assessments. (HB1256)

Introduced By

Del. Mark Sickles (D-Alexandria)

Description

Condominium Act; Property Owners' Association Act; lien for assessments; priority. Provides that such portion of the unpaid assessments due and owing the association for a period not to exceed three years that is attributable to providing the maintenance and upkeep of the common areas and such other areas of association responsibility expressly provided for in the declaration, including capital expenditures, shall be prior to all other liens and encumbrances except any real estate tax liens, deeds of trust, or mortgages, regardless of when recorded, on the unit or lot. The bill contains technical amendments. Read the Bill »

Outcome

History