Condo Q&A

Is it legal to have emergency condo association assessments yearly?

Written by stephen polinsky | Thu, Dec 23, 2010 @ 08:01 PM

I live in New Jersey and am an owner in a 700+ condo association. Every year for the past 4 years we have been hit with Emergency Assessments because our Board does not know how to manage our money. Is it legal to have an emergency assessment every year?