499B.18 Common expenses before foreclosure.
Where the mortgagee of a first mortgage of record or other purchaser of an apartment obtains title to the apartment as a result of foreclosure of the first mortgage, such acquirer of title, the acquirer’s successors and assigns, shall not be liable for the share of the common expenses or assessments by the council of co-owners chargeable to such apartment which became due prior to the acquisition of title to such apartment by such acquirer. Such unpaid share of common expenses or assessments shall be deemed to be common expenses collectible from all of the apartment owners including such acquirer, the acquirer’s successors and assigns.
[C66, 71, 73, 75, 77, 79, 81, §499B.18]
Structure Iowa Code
Chapter 499B - HORIZONTAL PROPERTY (CONDOMINIUMS)
Section 499B.3 - Recording of declaration to submit property to regime.
Section 499B.4 - Contents of declaration.
Section 499B.5 - Contents of deeds of apartments.
Section 499B.6 - Copy of the floor plans to be filed.
Section 499B.7 - Interest in common elements — reference to them in instrument.
Section 499B.8 - Removal from provisions of this chapter.
Section 499B.9 - Removal no bar to subsequent resubmission.
Section 499B.10 - Individual apartments and interest in common elements are alienable.
Section 499B.11 - Real property tax and special assessments — levy on each apartment.
Section 499B.12 - Liens against apartments — removal from lien — effect of part payment.
Section 499B.15 - Contents of bylaws.
Section 499B.16 - Disposition of property — destruction or damage.
Section 499B.17 - Lien against owner of unit.
Section 499B.18 - Common expenses before foreclosure.
Section 499B.19 - Common expenses after voluntary conveyance.