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Real Estate | |
Community Association Act | |
Section 201 | Payment of a common expense or assessment. |
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57-8a-201. Payment of a common expense or assessment. (1) An owner shall pay the owner's proportionate share of: (a) the common expenses; and (b) any other assessments levied by the association. (2) A payment described in Subsection (1) shall be in the amount and at the time determined by the board of directors in accordance with the terms of the: (a) declaration; or (b) bylaws. (3) An assessment levied against a lot is: (a) a debt of the owner at the time the assessment is made; and (b) collectible as a debt described in Subsection (3)(a).
Enacted by Chapter 153, 2004 General Session |
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