Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.
(a) It shall be the duty of every unit owner to pay his or her
proportionate share of the common expenses. Payment shall be in amounts
and at such times as determined by the management committee in
accordance with the terms of the declaration or the bylaws.
(b) The amount of common expenses assessed against each unit shall be a
debt of the owner at the time the assessment is made and shall be
collectible as such. Suit to recover a money judgment for unpaid common
expenses shall be maintainable without foreclosing or waiving the lien
securing the same. If any unit owner shall fail or refuse to make any
payment of the common expenses when due, the amount thereof shall
constitute a lien on the interest of the owner in the property, and upon
the recording of notice thereof by the manager or management committee
shall be a lien upon the unit owner’s interest in the property prior to
all other liens and encumbrances, recorded or unrecorded, except only:
(1) Tax and special assessment liens on the unit in favor of any
assessing unit, and special district, and
(2) Encumbrances on the interest of the unit owner recorded prior to the
date the notice is recorded which by law would be a lien prior to
subsequently recorded encumbrances.
(c) The manager or management committee shall, upon the written request
of any unit owner or any encumbrancer or prospective encumbrancer of a
unit, upon payment of a reasonable fee not to exceed ten dollars
($10.00), issue to a person so requesting a written statement setting
forth the unpaid common expenses with respect to the unit covered by the
request, which shall be conclusive upon the remaining unit owners and
upon the manager and management committee in favor of all persons who
rely thereon in good faith. Unless the request for a statement of
indebtedness shall be complied with within ten (10) days, all unpaid
common expenses which became due prior to the date of the making of the
request shall be subordinate to the lien held by the person requesting
the statement. Any encumbrancer holding a lien on a unit may pay any
unpaid common expenses payable with respect to the unit and upon the
payment the encumbrancer shall have a lien on such unit for the amounts
paid of the same rank as the lien of his or her encumbrance.
(d) The lien for nonpayment of common expenses may be enforced by sale
or foreclosure of the unit owner’s interest by the manager or management
committee, the sale or foreclosure to be conducted in accordance with
the provisions of law applicable to the exercise of powers of sale or
foreclosure in deeds of trust or mortgages or in any manner permitted by
law. In any foreclosure or sale, the unit owner shall be required to pay
the costs and expenses of the proceedings and reasonable attorney’s
fees. If so provided in the declaration or bylaws, in the case of
foreclosure, the owner shall be required to pay a reasonable rental for
the unit, and the plaintiff in the foreclosure action shall be entitled
to the appointment of a receiver to collect the rental without regard to
the value of the mortgage security.
(e) Unless otherwise provided in the declaration, the manager or
management committee shall have power to bid in the unit at foreclosure
or other sale and to hold, lease, mortgage, and convey the unit.