Roeder Smith Jadin, PLLC
Property Insurance | Construction Defect | Community Associations
Serving Our Clients With Integrity, Honesty & Tenacity

Free Initial Consultation

Toll Free: Local:

800-342-2710/952-314-5226

Free Initial Consultation

Toll Free: 800-342-2710

Local 952-314-5226

+

Community Association Law Archives

Minnesota Common Interest Ownership Act Changes and Updates

During the last legislative session, the Minnesota legislature made two significant changes to the Minnesota Common Interest Ownership Act, Minn. Stat. § 515B ("MCIOA") that will affect all common interest communities subject to that law. These changes, which have been signed into law by Governor Dayton, affect community associations' maintenance responsibilities and rights to bring construction defect lawsuits. This memorandum summarizes these changes.

Dues Acceleration - Demystifying the When, How, and Why

One of the common issues Minnesota Homeowner's Associations face is what to do with the homeowner who refuses to pay their dues. The Association has many tools to deal with this type of situation - one of which is the option to accelerate annual dues. This means that instead of having 12 equal installments of monthly dues, all installments for the fiscal year would be combined and deemed immediately due as a lump sum. This practice, when applied correctly, helps protect the Association's bottom line and encourages payment. Acceleration, however, is only authorized in certain specific situations. This article is a guide to understanding whether your association has the legal authority to accelerate dues and the proper steps to doing so successfully.

Minnesota Common Interest Ownership Act (MCIOA)

The Minnesota Common Interest Ownership Act (Minnesota Statute § 515B), commonly referred to as MCIOA, is a Minnesota state law that governs the operation of condominium associations and other common interest communities. MCIOA provides legal authority to address issues that frequently affect common interest communities.