Idaho Code § 55-1518

ASSESSMENT AND OTHER CHARGES A LIEN — NOTICE RECORDED — PAYMENT AND RELEASE — PRIORITY OF LIENS — EXPIRATION — EXTENSION — ENFORCEMENT BY SALE — PURCHASE BY MANAGEMENT BODY

No plain-English summary yet for this section. Read the statutory text below or open the official source.

Statutory text

Notice recorded — Payment and release — Priority of liens — Expiration — Extension — Enforcement by sale — Purchase by management body. An assessment upon any condominium made in accordance with the declaration, any recorded by-laws, or any duly promulgated project regulation, shall be a debt of the owner thereof at the time the assessment is made. The amount of any such assessment, together with those other charges thereon, such as interest, costs (including attorney’s fees), and penalties, which may be provided for in the declaration, shall be and become a lien upon the condominium assessed when the management body causes to be recorded with the county recorder of the county in which such condominium is located a notice of assessment, which shall state the amount of such assessment and such other charges thereon as may be authorized by the declaration, a description of the condominium against which the same has been assessed, and the name of the record owner thereof. Such notice shall be signed by an authorized representative of the management body or as otherwise provided in the declaration. Upon payment of said assessment and charges in connection with which such notice has been so recorded, or other satisfaction thereof, the management body shall cause to be recorded a further notice stating the satisfaction and the release of the lien thereof. Such lien shall be prior to all other liens filed or recorded subsequent to the recordation of said notice of assessment except that the declaration may provide for the subordination thereof to other liens either generally or specifically described and except further that labor or materialmen’s liens arising under the law of Idaho and timely and duly filed shall have priority if the date fixed by statute for such lien to arise is prior to recording as provided in this section. Unless sooner satisfied and released or the enforcement thereof initiated as hereafter provided such lien shall expire and be of no further force or effect one

year from the date of recordation of said notice of assessment; provided, however, that said one-year period may be extended by the management body for not to exceed one

additional year by recording a written extension thereof. Such lien may be enforced by sale by the management body, its attorney or other person authorized to make the sale, after failure of the owner to pay such an assessment in accordance with its terms, such sale to be conducted in the manner permitted by law for the exercise of powers of sale in deeds of trust or any other manner permitted by law. Unless otherwise provided in the declaration the management body shall have the power to purchase the condominium at foreclosure sale and to hold, lease, encumber and convey the same.

Synced from the Florida Legislature’s official site. Verify the current version before citing.

Community discussion

No discussions tagged with Idaho Code § 55-1518 yet. Be the first to ask a question or share how your association handles this.

Free account — read statutes without signing in; posting needs an account.

Your governing documents

Statute pages break long law into searchable subsections. Upload your CC&Rs, bylaws, and rules for the same experience — private to your account.

Find “budget” or “fines” in your docs
Search docs and statutes side by side — no AI, same keyword index
Share links to exact paragraphs with your board

Private to your account. PDF, Word, or paste — same section finder as statutes.

Free account

A free account unlocks bookmarks, PDF export, uploaded governing documents, and side-by-side search with Florida statutes.

Bookmark statute sections you cite in meetings
Upload CC&Rs and bylaws with the same section finder
Ask questions in the Common Area forum

Common Elements is the always-on industry expo for community associations — vendor hall, professional community, and structured procurement, open 24/7. It complements the management and accounting software you already use; it does not replace it.

Statutory text

Community discussion

Your governing documents

Save your place and go deeper