<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

How could condo board not warn us of assessment for repairs?


Question:

I moved into my condo a year ago and was elected to the condo board a month ago. The seller of my condo paid approximately $14K in special assessments at closing for two separate repair projects. Now the condo board is advising the other board members that a $600K "cost overrun" special assessment must be levied against all association members. Is this common and/or legal? Shouldn't we expect the board to have known about these additional costs when the work was being done? Note, both projects have been finished for at least two years now.

 


Answers (8)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.