Homeowner ordered to remove completed construction, despite government variance. In a Louisiana case, a homeowner constructed an addition to his home. However, the addition did not meet either the subdivision side setback requirements in the restrictions or the limits required by the local government. Serious and costly consequences followed for failure to abide by the […]
Louisiana condominium association held to strict compliance with lien statute.
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
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 […]
Louisiana Condo Associations limited on late fee charges
In 2011 the Louisiana legislature passed a new law that sets parameters for condominium late fees. Under the new law, late fees cannot be charged within ten days of the due date and cannot exceed thirty percent of the monthly assessment. As with the new law requiring condo associations to carry fidelity insurance discussed in a […]
Comparison of Louisiana and HUD bond and insurance requirements for condominiums
With the passage of a new Louisiana state law on condo fidelity insurance, condo associations in Louisiana must now satisfy the requirements in both the state law and HUD regulations, just as the associations must also be mindful of both state and HUD requirements for its other insurance coverages. As creatures of Louisiana law, it goes […]
