Jennifer defaults on her condominium maintenance payments in Queens. The condominium association wants to collect the unpaid fees. Under New York law, what remedy is available to the association?
Correct Answer
C) The association can place a lien on Jennifer's unit and foreclose if necessary
New York Real Property Law Article 9-B grants condominium associations the right to place a lien on individual units for unpaid common charges and assessments. This lien can be foreclosed like a mortgage if the debt remains unpaid, as the unit owner holds real property that can be subject to foreclosure.
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A fire damages the common areas of a Manhattan condominium building, requiring $2 million in repairs. The insurance coverage is insufficient. Under New York condominium law, how are the repair costs allocated among unit owners?