Louisiana condominium association held to strict compliance with lien statute.

condo bldg

Favored rights granted to condominium associations Only a few types of creditors in Louisiana are granted the right to lien a debtor’s property prior to a judicial confirmation that a debt is in fact owed. This is a valuable right and should not be taken lightly. Creditors afforded this preferred status include condominium associations, homeowners […]

New Louisiana Condo laws require notices to unit owners

Two new Louisiana condo laws require notice to unit owners.

  In 2011, the Louisiana legislature passed two new condo laws on fidelity insurance and late fees. Both laws mandate notifications to each unit owner. Why not combine the notices? The combined notice should state: that the condo association has procured fidelity insurance or a fidelity bond that the owner has a right to inspect proof […]