Comments on: Condos Are a Shifting Market – Even in Charlottesville and Albemarle http://www.realcentralva.com/2009/02/23/condos-are-a-shifting-market-even-in-charlottesville-and-albemarle/ Tracking Charlottesville's Real Estate Market since 2005 Mon, 13 Feb 2012 12:10:41 +0000 hourly 1 http://wordpress.org/?v= By: Greg Slater http://www.realcentralva.com/2009/02/23/condos-are-a-shifting-market-even-in-charlottesville-and-albemarle/#comment-25702 Greg Slater Tue, 24 Feb 2009 20:01:31 +0000 http://www.realcentralva.com/2009/02/23/condos-are-a-shifting-market-even-in-charlottesville-and-albemarle/#comment-25702 Jim- Are you sure the condo is going to be out the fees? I think a lot of the condos have a right to lien the property. If they are proactive and do correctly, they might be able to capture the back fees at the transfer of the property. For that matter, you could have the same problem in any property governed by an association with fees, not just condos. I have reached out to a local property manager to see if they can provide any insight on this. I have always argued that GOOD professional association management was well worth the expense. Jim-
Are you sure the condo is going to be out the fees? I think a lot of the condos have a right to lien the property. If they are proactive and do correctly, they might be able to capture the back fees at the transfer of the property.

For that matter, you could have the same problem in any property governed by an association with fees, not just condos.

I have reached out to a local property manager to see if they can provide any insight on this. I have always argued that GOOD professional association management was well worth the expense.

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