As a unit owner, it is your responsibility to pay your condominium contributions in full and on time. If you don’t pay your contributions, the condo board could take any of the following actions: charge interest on the unpaid amount (up to 18% per year) sue you for the unpaid amount, plus any interest and legal costs if you have a mortgage, ask your mortgage company to pay the outstanding amount (note: many banks consider failure to pay condo contributions as an act of default that could result in foreclosure) if you have a tenant in your unit, require them to pay rent to the condominium corporation to cover the unpaid amount file a caveat against your property title foreclose on the title to your unit A corporation that registers a caveat for unpaid contributions can recover from the owner all reasonable expenses for the caveat. For example, this could include caveat registration and discharge costs, plus legal fees.