Cornelius HOAs can levy regular and special assessments under NCGS 47F-3-115 and secure unpaid amounts with liens that can be foreclosed. Owners receive statutory notice before lien claims of lien are filed.
NCGS 47F-3-115 authorizes HOAs to levy assessments per the declaration and creates an automatic lien on each lot for unpaid amounts. The association must send a notice of delinquency at least 15 days before filing a claim of lien. NCGS 47F-3-116 allows foreclosure of the lien after the amount reaches the threshold set in the governing documents and state law, though non-judicial foreclosure for HOA liens has specific hearing requirements. Special assessments typically require membership approval as set in the declaration, often two-thirds vote. Cornelius lakefront communities often levy assessments for dock, common-area, and water-quality maintenance.
Unpaid assessments: late fees, interest, lien filing, and potential foreclosure. Association violation of NCGS 47F procedures: owner defense to lien and attorney fees.
See how other cities in Mecklenburg County handle assessment & dues.
See how Cornelius's assessment & dues rules stack up against other locations.
Quick Compare
Help us keep this page accurate. If you notice an error or outdated information, let us know.