Utah § 57-8a-201 Payment of a common expense or assessment -- Late fees.

Utah Statutes

§ 57-8a-201 — Payment of a common expense or assessment -- Late fees.

Utah § 57-8a-201

Title 57Real Estate

Ch. 57-8aCommunity Association Act

Part 57-8a-2Administrative Provisions

This text of Utah § 57-8a-201 (Payment of a common expense or assessment -- Late fees.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 57-8a-201 (2026).

Text

(1)An owner shall pay the owner's proportionate share of:

(1)(a) the common expenses; and

(1)(b) any other assessments levied by the association.

(2)A payment described in Subsection (1) shall be in the amount and at the time determined by the board of directors in accordance with the terms of the:

(2)(a) declaration; or

(2)(b) bylaws.

(3)An assessment levied against a lot is:

(3)(a) a debt of the owner at the time the assessment is made; and

(3)(b) collectible as a debt described in Subsection (3)(a).

(4)The board of directors may impose, for a late payment:

(4)(a) a late fee, not to exceed the greater of:

(4)(a)(i) 10% of the assessment amount; or

(4)(a)(ii) $50; and

(4)(b) interest on the assessment and late fee of up to 1.5% per month.

(5)Before imposing a fee under this section,

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(1) An owner shall pay the owner's proportionate share of:
(1)(a) the common expenses; and
(1)(b) any other assessments levied by the association.
(2) A payment described in Subsection (1) shall be in the amount and at the time determined by the board of directors in accordance with the terms of the:
(2)(a) declaration; or
(2)(b) bylaws.
(3) An assessment levied against a lot is:
(3)(a) a debt of the owner at the time the assessment is made; and
(3)(b) collectible as a debt described in Subsection (3)(a).
(4) The board of directors may impose, for a late payment:
(4)(a) a late fee, not to exceed the greater of:
(4)(a)(i) 10% of the assessment amount; or
(4)(a)(ii) $50; and
(4)(b) interest on the assessment and late fee of up to 1.5% per month.
(5) Before imposing a fee under this section, the board of directors shall:
(5)(a) adopt a fee schedule by rule in accordance with Section 57-8a-217 that describes the amount of fee the board shall impose; and
(5)(b) provide a copy of the fee schedule to each lot owner.