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Full payment of the special assessment percentage


This question is submitted by Eileen H. out of Florida


I do understand that special assessments should be based on the percentage of ownership unless there is an amendment in the declaration of condominium. However, our Condo Association received a line of credit for repairs.

Some unit owners will need to make monthly payments that will accrue interest. As a unit owner if I pay my special assessment in full should I pay the same (special assessment + interest total) as those unit owners that are paying the assessment monthly if I pay my percentage of the special assessment in full?




meadosw v2


Answers (3)

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