HB 572 Summary

• Establishes that a portion of condominium and planned community assessments have priority over previously existing liens (except real estate taxes and first mortgages), up to the lesser of the delinquency amount or six months of common expense assessments plus reasonable attorney's fees and foreclosure costs.

• Designates association liens as continuing liens subject to automatic adjustments for unpaid interest, administrative late fees, enforcement assessments, collection costs, attorney's fees, paralegal fees, and court costs.

• Expands the types of charges that can be included in association liens to include "any other assessment or charge provided for by this chapter, the declaration, or bylaws."

• Clarifies that association foreclosure actions may be brought directly "by" the unit owners association rather than requiring individual officer authorization.

• Permits associations to collect reasonable rental payments during foreclosure proceedings, with rental payments applied first to common expenses owed for the unit during the foreclosure action.