Hawaii Notice of Lien to a Condominium Unit Owner for Unpaid Assessment Fees

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US-01120BG
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Description

A condominium is a combination of co-ownership and individual ownership. Those who own an apartment house or buy a condominium are co-owners of the land and of the halls, lobby, and other common areas, but each apartment in the building is individually owned by its occupant. Either in the bylaws of the condominium association, the declaration of condominium filed in the land records of the county where the condominium is located, or in some other document, there will be an agreement among the unit owners regulating the administration and maintenance of the property, including payment of assessments by the owners.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Homeowners Associations, or HOA, have the right to foreclosure in 20 or more states, many of them before the mortgage lienholders. Hawaii is super lien state.

For Homeowners Associations The Hawaii Planned Community Associations oversees the creation, management, authority, and operation of all homeowners associations as of June 16, 1997. You can find the provisions under the Hawaii Revised Statutes Sections 421J-1 through 421J-16.

Homeowners Associations, or HOA, have the right to foreclosure in 20 or more states, many of them before the mortgage lienholders. Hawaii is super lien state.

In the event of account delinquency, the community association may place liens on the property and, in extreme cases, may even foreclose on the property despite on-time mortgage payments. The HOA may not foreclose on the property if account delinquency is solely from fines, penalties, legal fees, or late fees.

In Hawaii, there are two types of foreclosures: judicial and nonjudicial. In a JUDICIAL FORECLOSURE, the Mortgagee files a lawsuit against you in order to obtain a court judgment that you owe the balance due under your loan and to obtain an order to sell the property.

The climate in Hawaii leads to higher HOA fees because of the natural wear and tear on buildings and the increased cost of insurance. The humidity and salty air can lead to things needing to be repainted more frequently, and insurance premiums are generally higher in Hawaii than on the mainland.

In the event of account delinquency, the community association may place liens on the property and, in extreme cases, may even foreclose on the property despite on-time mortgage payments. The HOA may not foreclose on the property if account delinquency is solely from fines, penalties, legal fees, or late fees.

In Hawaii, if your home is part of a homeowners' association (HOA) or condominium owners' association (COA) and you fall behind in assessments: The HOA or COA can usually get a lien on your home.

Natural Climate The climate in Hawaii leads to higher HOA fees because of the natural wear and tear on buildings and the increased cost of insurance. The humidity and salty air can lead to things needing to be repainted more frequently, and insurance premiums are generally higher in Hawaii than on the mainland.

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Hawaii Notice of Lien to a Condominium Unit Owner for Unpaid Assessment Fees