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

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Multi-State
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US-01120BG
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Word; 
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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

HOAs have the authority to adopt and amend rules and regulations within the framework of their governing documents. The governing documents typically include the declaration of the bylaws. These documents outline the guidelines and procedures for creating, modifying, and enforcing rules within the community.

If a homeowners' association is a non-profit, as is the case with most Missouri associations, it will be governed by the Missouri Nonprofit Corporation Law.

The average monthly HOA fee in Missouri ($469) is nearly $200 higher than in Wisconsin ($277). The average monthly HOA fee ranges from $300 to $400 in 43 states.

Liens: Rather than pursuing a lawsuit, the HOA may issue a lien on your property. This means that the HOA can use your home as collateral for your unpaid dues. In order to remove the lien, you must pay any overdue HOA assessments plus late fees, interest, and other related charges.

Under Florida law, a condominium lien expires one (1) year after recording and, thus, the condominium association must file its lien foreclosure action within that one (1) year period.

In other words, HOA rules cannot override state or federal laws, nor can they contradict the city or county ordinances that govern the area in which the HOA is located.

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