Iowa Code 572.31 – Cooperative and condominium housing
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Terms Used In Iowa Code 572.31
- Lien: A claim against real or personal property in satisfaction of a debt.
- property: includes personal and real property. See Iowa Code 4.1
572.31 Cooperative and condominium housing.
A lien arising under this chapter as a result of the construction of an apartment house
or apartment building which is owned on a cooperative basis under chapter 499A, or which is submitted to a horizontal property regime under chapter 499B, is not enforceable, notwithstanding any contrary provision of this chapter, as against the interests of an owner in a unit contained in the apartment house or apartment building acquired in good faith and for valuable consideration, unless a lien statement specifically describing the unit is posted under § 572.8 within the applicable time period specified in § 572.9, but determined from the date on which the last of the material was supplied or the last of the labor was performed in the construction of that unit.
[C81, §572.30] C83, §572.31
2012 Acts, ch 1105, §21, 27, 28; 2012 Acts, ch 1138, §13; 2013 Acts, ch 99, §15
A lien arising under this chapter as a result of the construction of an apartment house
or apartment building which is owned on a cooperative basis under chapter 499A, or which is submitted to a horizontal property regime under chapter 499B, is not enforceable, notwithstanding any contrary provision of this chapter, as against the interests of an owner in a unit contained in the apartment house or apartment building acquired in good faith and for valuable consideration, unless a lien statement specifically describing the unit is posted under § 572.8 within the applicable time period specified in § 572.9, but determined from the date on which the last of the material was supplied or the last of the labor was performed in the construction of that unit.
[C81, §572.30] C83, §572.31
2012 Acts, ch 1105, §21, 27, 28; 2012 Acts, ch 1138, §13; 2013 Acts, ch 99, §15