Understanding a Condominium Lien

A Condominium Lien is a legal interest or right that the Condo Corporation has against a unit of the condominium complex. It enables the Condo Corporation be paid from the proceeds of sale of the unit, to cover Common Expense debts and interest that may be owed and outstanding to the Corporation.

If the Condominium Corporation doesn’t effectively enforce lien rights, every Owner could end up bearing the costs if any one Unit Owner fails to pay.
TATIANA SOURKOVA
Sales Representative
KiTS
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