North Carolina 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

A Notice Filing Lets the Lien Agent Know You Are Involved in the Project. ?A Notice to Lien Agent (aka: Notice) should be filed if any potential lien claimant (PLC) who is or may be providing labor, services or materials for contracted improvements to the project property.

The last resort in an attempt to collect overdue money owed to a property owners' association is an assessment lien. A property owners' association can foreclose on the lien and trigger the sale of the property. The ability to create assessment liens is a power that is not automatically granted by Texas law.

An assessment lien is a legal claim or "hold" on an owner's unit or lot making the property collateral against delinquent assessments, whether regular or special assessments, owed to the association.

What Is an HOA Special Assessment in California? An HOA special assessment is a right granted to the governing body of the homeowners association in the event that significant damage has befallen the community. The restrictive covenants of an HOA will describe the circumstances in which these extra fees may be charged.

An HOA lien is usually subordinate to a first mortgage because the lien is recorded after the mortgage, or the terms of the CC&Rs or state laws make the lien junior to the mortgage. As such, the lien will usually remain on the property following an HOA's foreclosure.

About North Carolina Notice of Intent to Lien Form If a party is refusing to pay your claim or ignoring your phone calls, sending a Notice of Intent to Lien to that party, the prime contractor and/or the property owner can let them know you're serious about collecting and prioritize your payment.

How to put a lien on someone's property Fill out Abstract of Judgment. Abstract of Judgment ? Civil and Small Claims (form EJ-001) ... Get Abstract certified and pay fee. Bring the Abstract of Judgment to the civil court clerk. ... Make copies. Make a copy of each issued Abstract. ... Record the Abstract.

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