Nebraska Condominium Act — Assessment for Common Expenses

Nebraska Legislature NEBRASKA LEGISLATURE The official site of the Nebraska Unicameral Legislature MENU Home Chamber Viewer View Bills One Liners Statutes Summary Hearings Agenda Journal Budget Rule Book Constitution Legislature About The Nebraska State Legislature The Budget Process History of the Unicameral Lawmaking in Nebraska Maps Nebraska Blue Book On Unicameralism Photos Publications Senator Qualifications Student Programs Testifying at a Hearing Unicameral Update Visiting the Capitol Bills and Laws Introduction Search Bills Search Laws Print On Demand Calendar Committees About Standing and Special Committees Standing Committees Public Input Options Select & Special Committees Compact Commissions Hearing Schedules Occupational Board Reform Act Survey Results Legislative Divisions Clerk of the Legislature Legislative Oversight Legislative Fiscal Office Legislative Research Office Public Counsel/Ombudsman Revisor of Statutes Legislative Histories History Request News Reports Overview Agencies Committee Fiscal/Budget General Research Interim Studies Lobbyist Registration Legislative Oversight Public Counsel Revisor of Statutes Senators Senators' Landing Pages Senators' Duties Speaker Find your Senator Photos Session Information Transcripts For Agencies For Citizens For Journalists For Lobbyists For Students and Teachers Nebraska Revised Statute 76-873 Revised Statutes Chapter 76 76-873 Print Friendly View Statute 76-872 Chapter 76 Index View Statute 76-874 Chapter 76 76-873. Assessment for common expenses. (a) Until the association makes a common expense assessment, the declarant shall pay all common expenses. After any assessment has been made by the association, assessments must be made at least annually. After one-third of the members of the executive board are elected by unit owners other than the declarant, assessments shall be based on a budget adopted at least annually by the association. (b) Except for assessment under subsections (c), (d), and (e) of this section, all common expenses must be assessed against all the units in accordance with the allocations set forth in the declaration pursuant to subsection (a) of section 76-844 . Any past-due common expense assessment or installment thereof bears interest at the rate established by the association not exceeding eighteen percent per year. (c) To the extent required by the declaration: (1) Any common expense associated with the maintenance, repair, or replacement of a limited common element must be assessed against the units to which that limited common element is assigned, equally, or in any other proportion that the declaration provides; (2) Any common expense or portion thereof benefiting fewer than all of the units must be assessed exclusively against the units benefited; and (3) The costs of insurance may at the discretion of the association be assessed in proportion to risk and, if reasonably determined, the costs of utilities not separately metered must be assessed in proportion to usage. (d) Assessments to pay a judgment against the association pursuant to subsection (a) of section 76-875 may be made only against the units in the condominium at the time the judgment was entered, in proportion to their common expense liabilities. (e) If any common expense is caused by the misconduct of any unit owner, the association may assess that expense exclusively against his or her unit. (f) …

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