In the course of running a Condominium Association, various charges may be provided by the Condominium Documents to be assessed against or posted to the accounts of co-owners who are either delinquent or in violation of other provisions of the Condominium Documents....
All condominiums are created by statute and, depending upon the jurisdiction, by the recording of a master deed or declaration of covenants. The primary (if not the exclusive) source of revenue for maintenance or administration of condominiums is the assessments paid...