News & Analysis as of

Condominium Associations Fees

Ward and Smith, P.A.

Mo Money, Mo Problems? No Biggie for a Homeowner's Association, Right?

Ward and Smith, P.A. on

Was your community association lucky enough to come in under budget last year? On the surface, this might appear to be a bonus, but if not handled properly, it can quickly turn into an unexpected tax burden. ...more

K&L Gates LLP

Mortgage Lenders, Holders, and Servicers Beware: Massachusetts High Court Endorses Condominium Association’s Super Lien Practice

K&L Gates LLP on

In a decision that should be read as a warning to mortgage industry participants doing business in the Commonwealth of Massachusetts, the state’s high court has validated a condominium associations’ so-called “rolling”...more

Ballard Spahr LLP

Statute Amended To Permit Late Fees

Ballard Spahr LLP on

Section 55-79.83 of the Virginia Condominium Act was amended in the 2013 legislative session to permit condominium associations to impose late fees of up to 5 percent for assessments that are not paid within 60 days of the...more

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