Which statement is TRUE when a condominium owner wishes to sell their unit and an assessment has been levied?

When a condominium owner wishes to sell their unit and an assessment has been levied, the statement that title cannot transfer unless the seller pays the assessment is accurate. This is because any unpaid assessment typically creates a lien against the property. In real estate practices, a lien must be cleared before the title can be transferred to ensure that the new owner is not burdened with the seller’s unpaid financial obligations.

The requirement for assessments to be settled prior to the transfer of title protects both parties in the transaction—primarily the buyer, who would not want to inherit the seller’s debts or financial liabilities related to the property. Furthermore, making the seller responsible for paying off any assessments prior to the sale safeguards the financial integrity of the condominium association, ensuring they receive funds owed for communal maintenance and improvements.

Thus, this understanding underscores why it is essential for the seller to address any outstanding assessments before completing the sale, reflecting a standard and prudent real estate practice.