Property Ownership
Iowa condominium unit owners are obligated to pay assessments to the homeowners or condominium association because:
AIowa law requires all property owners to join associations
BAssociation assessments fund the maintenance of common elements and shared services, and are binding under the recorded declaration✓ Correct
CThe IREC mandates association membership for all attached dwellings
DAssessments are voluntary contributions
Explanation
Iowa condominium declarations create binding obligations for all unit owners to pay regular and special assessments. These assessments fund maintenance of common elements, insurance, and shared services. Unpaid assessments can result in an association lien against the unit.
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