What is the name of your state (only U.S. law)? Pennsylvania
Hello.
The condominium I live in sold the first unit in April of 2008. The developer/builder has not paid any association fees on unsold units. The condominium started as 24 units in 1 building. There are now 3 buildings with a total of 72 units with 1 more building of 24 units not built yet. I know there is a law which states that the developer/builder should be paying the fees on unsold units but I cannot find the statute anywhere online. also, the developer/builder went into chapter 11 bankruptcy in Septemebr of 2009 and as far as I can tell, is still in bankruptcy. The HOA is still controlled by the developer/builder although the owners have 1 representative to the board.
My questions are:
1. What is the statute that says they pay the condo fees, and
2. How does the bankruptcy affect this.
Thank you very much in advance.
ChuckM65
Hello.
The condominium I live in sold the first unit in April of 2008. The developer/builder has not paid any association fees on unsold units. The condominium started as 24 units in 1 building. There are now 3 buildings with a total of 72 units with 1 more building of 24 units not built yet. I know there is a law which states that the developer/builder should be paying the fees on unsold units but I cannot find the statute anywhere online. also, the developer/builder went into chapter 11 bankruptcy in Septemebr of 2009 and as far as I can tell, is still in bankruptcy. The HOA is still controlled by the developer/builder although the owners have 1 representative to the board.
My questions are:
1. What is the statute that says they pay the condo fees, and
2. How does the bankruptcy affect this.
Thank you very much in advance.
ChuckM65