Under the Minnesota Common Interest Ownership Act (Minn. Stat. Ch. 515B), an association gets an automatic lien for unpaid assessments. Section 515B.3-116 gives it a six-month super-priority over a first mortgage and lets it foreclose the lien like a mortgage by advertisement or by action.
Minn. Stat. § 515B.3-116 provides that "[t]he association has a lien on a unit for any assessment levied against that unit from the time the assessment becomes due." The lien is generally prior to all other liens except real estate taxes, liens recorded before the declaration, and first mortgages — but it carries a six-month super-priority: a foreclosing first mortgagee takes subject to common-expense assessments that "became due, without acceleration, during the six months immediately preceding" the end of the owner's redemption period. The association's lien "may be foreclosed in a like manner as a mortgage containing a power of sale" under Chapter 580 (by advertisement) or by action under Chapter 581.
Unpaid assessments become an automatic lien on the unit, foreclosable by advertisement (Ch. 580) or by action (Ch. 581). The association may also recover costs, attorney fees, interest, and late charges as part of the lien.
Other ordinances people look up for this city. Green dot = verified primary-source excerpt.
Prior Lake, MN
Prior Lake follows Minnesota Pollution Control Agency noise standards under Minn. Rules 7030.0040. Residential receiving property is capped at L50 60 dBA day...
Prior Lake, MN
Prior Lake has no leaf-blower-specific ordinance. Use is allowed during daytime hours but must stay under Minn. Rules 7030 residential decibel caps and the c...
Prior Lake, MN
Industrial uses in Prior Lake's I-1 General Industrial district must comply with MN Rules 7030.0040 noise limits at the receiving property line. Residential ...
Prior Lake, MN
Installing an EV charger at a Prior Lake residence requires an electrical permit. Level 2 chargers typically need a dedicated 240V circuit installed by a lic...
Prior Lake, MN
Commercial vehicles over standard pickup truck size and equipment trailers are restricted from prolonged residential street and driveway parking under Chapte...
Prior Lake, MN
Prior Lake's fence rules in Chapter 10 require materials customarily used for fencing - wood, vinyl, ornamental iron, chain link. Barbed wire, electrified, a...
See how Prior Lake's assessment & dues rules stack up against other locations.
Help us keep this page accurate. If you notice an error or outdated information, let us know.