What happens if I breach my condo contract?

If you breach your condo contract in Nebraska, the consequences can vary depending on the nature and severity of the breach. Generally speaking, the board of directors of your condominium association may fine you, sue you for damages, or take other legal action against you. If the breach involves nonpayment of condo fees or other debts, the condo association may file a lien on your property or even foreclose on it. A lien means that the association has a legal claim on all or part of the property, which they can use to collect the money owed. Foreclosure is when the association attempts to take full ownership of the property to recoup its losses. Other possible consequences include eviction from the condo premises, the suspension of your right to access common amenities, and disciplinary action (such as probation or suspension of your voting rights). If the breach is serious enough, the board of directors may even expel you from the association. In all cases, it is wise to consult a lawyer to determine how best to proceed, and to minimize the possible repercussions of breaching a condo contract.

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What happens if I breach my condo contract?

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