Condo boards facing unpaid common charges can expedite eviction using a writ of assistance within the foreclosure action, with specific requirements.
Condo boards facing unpaid common charges can expedite eviction using a writ of assistance within the foreclosure action, with specific requirements.
For delinquent shareholder payments, boards can choose between communication and legal action, depending on proprietary lease terms and preferences for resolving the issue.
To combat arrears, regular reports track delinquent payments. Early communication through multiple channels and negotiations aim to prevent legal action while maintaining empathy and professionalism.
The bar for proving the need for foreclosure is high.
Two routes to consider when chasing down arrears.
Boards have options when it comes to bringing residents back from being in arrears.
Make sure your governing documents provide remedies for nonpayment.
Boards should try to negotiate with commercial tenants before they get to the point of wanting a Yellowstone injunction.
Co-ops and condos have different tools to collect arrears.
Whats can boards do to collect arrears besides going to court?