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ARTICLE · 31 JANUARY 2014

Application Of Common Expense Assessment Payments

One of the advantages that the Pennsylvania Condominium Act and Planned Community Act have over the New Jersey Condominium Act, is that the PA Acts specifically direct the application of common expense assessments that have not been paid in a timely fashion.

United StatesReal Estate and Construction

One of the advantages that the Pennsylvania Condominium Act and Planned Community Act (collectively, the "PA Acts") have over the New Jersey Condominium Act, is that the PA Acts specifically direct the application of common expense assessments that have not been paid in a timely fashion. 

The PA Acts provide that "unless the declaration provides otherwise, any payment received by an association in connection with the lien under this section shall be applied first to any interest accrued by the association, then to any late fee, then to any costs and reasonable attorney fees incurred by the association in collection or enforcement and then to the delinquent assessment. The foregoing shall be applicable notwithstanding any restrictive endorsement, designation or instructions placed on or accompanying a payment."

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