Patricia owns a condominium unit in Kansas City, Missouri. She is delinquent on her monthly condominium association assessments. Under the Missouri Condominium Property Act (RSMo Chapter 448), which statement best describes the association's remedy?
Correct Answer
A) The association has a lien against Patricia's unit for unpaid assessments, which may be enforced through foreclosure.
Under the Missouri Condominium Property Act (RSMo Chapter 448), a condominium association has a statutory lien against a unit owner's unit for unpaid assessments. This lien arises automatically by operation of law when assessments become delinquent and may be enforced through foreclosure proceedings, giving the association a powerful tool to collect unpaid amounts. The lien is generally subordinate to a first mortgage but takes priority over most other liens.
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Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
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