Property Ownership
Under South Carolina law, which of the following is true about condominium homeowners' association (COA) fees?
ACOA fees are optional
BUnpaid COA fees can result in a lien on the unit and potential foreclosure✓ Correct
CCOA fees can only be increased by unanimous vote
DCOA fees are set by the state legislature
Explanation
Under the SC Horizontal Property Act and the Planned Community Act, unpaid association assessments can result in a lien on the unit. The association may foreclose on the lien if assessments remain unpaid.
Related South Carolina Property Ownership Questions
- In South Carolina, 'abstract of title' is prepared by:
- In South Carolina, a 'quiet title action' is used to:
- In South Carolina, what is the 'Rule Against Perpetuities'?
- In South Carolina, what is 'fee simple subject to condition subsequent'?
- In South Carolina, a 'restrictive covenant' in a deed that prohibits commercial use is:
- Under South Carolina law, which of the following is required for adverse possession to succeed?
- In South Carolina, the SC Vacation Time Sharing Plans Act governs:
- A South Carolina homeowner conveys property to a nonprofit organization 'for use as a community park.' If the nonprofit stops using it as a park, what type of estate was conveyed?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →