Condo Q&A

Who pays HOA assessment obligations - old or new unit owners?

Written by stephen polinsky | Tue, Dec 6, 2011 @ 01:57 PM

If a special assessment is in place, and some unit owners have paid in a lump sum, and other have elected payment monthly over a few years, what happens if a unit sells? Does the remaining monthly assessment follow the unit owner or the new buyer? Thanks.