Condo common charges and HOA assessments in Islip are liens on the unit under NY RPL 339-z (condos) and the declaration. Special assessments require board approval per the bylaws, and unpaid amounts can lead to foreclosure of the common charge lien.
Regular common charges fund operating expenses and reserves per the annual budget adopted by the board. Special assessments for capital projects typically require a supermajority vote under the bylaws. RPL 339-z gives condo associations a lien for unpaid common charges, subordinate to first mortgages but with priority over later encumbrances. Associations can foreclose the lien under NY Real Property Actions and Proceedings Law. HOAs rely on the declaration's lien provisions, which are enforceable under NY contract law.
Unpaid assessments accrue late fees, interest (often 9 percent per NY CPLR 5004), and legal fees. Persistent delinquency can result in lien foreclosure and loss of unit.
See how other cities in Suffolk County handle assessment & dues.
See how Islip'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 If you notice an error or outdated information, let us know.