La. R.S. 9:1123.115
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Condominium — Privilege on Immovables (Assessment Lien)
The association holds a privilege (civil law equivalent of a lien) on each condominium parcel for unpaid or accelerated assessments, fines or late fees in excess of $250, and interest. If a unit owner is delinquent for 3 or more months in any 8-month period, the association may accelerate assessments for a 12-month period and file a privilege for the accelerated sums. Interest at the rate provided in the declaration or the legal interest rate.
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Assessment
| Ref | Requirement |
|---|---|
| Interest at the rate provided in the declaration or the legal interest rate. | |
| The association holds a privilege (civil law equivalent of a lien) on each condominium parcel for unpaid or accelerated assessments, fines or late fees in excess of $250, and interest. | |
| If a unit owner is delinquent for 3 or more months in any 8-month period, the association may accelerate assessments for a 12-month period and file a privilege for the accelerated sums. | |
| (A) | Louisiana does not provide super-priority for assessment privileges over first mortgages |
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