Lien for common charges; duration; foreclosure
- Statute:
- New York §339-aa · Law RPP (Real Property Law)
- Topic:
- Assessments & Finance · Lien foreclosure
- Applies to:
- Condo associations
Lien for common charges lasts six years from filing. Forecloses like a mortgage.
📄 Read the official text at nysenate.gov →
How SoShiny helps with Lien for common charges; duration; foreclosure
SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge.
See the feature → Start freeFrequently asked
- What does New York §339-aa require?
- Lien for common charges lasts six years from filing. Forecloses like a mortgage.
- Who does New York §339-aa apply to?
- New York §339-aa applies to Condo associations in New York.
- What happens if our condo or HOA doesn't comply with §339-aa?
- Non-compliance with this New York statute can expose the association and its officers to private civil suit, and (for offering-plan / sponsor matters under GBS) to enforcement action by the New York Attorney General's Real Estate Finance Bureau. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of New York §339-aa?
- The official text is published by the New York State Legislature at nysenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Lien for common charges; duration; foreclosure?
- SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge. Learn more →
Not legal advice. This page is a plain-English summary of New York §339-aa prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a New York-licensed attorney. For the official statutory text, see the link above.
Stay current on New York association law.
Get the free quick-reference guide plus a heads-up when the statutes that govern your community change.
Don’t run your condo or HOA on spreadsheets.
Start your community free →