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I own a condo in a small (8 units) HOA in CA. Our roof is 30 years old and needs to be replaced. There is not enough money in our general operating budget to pay for it. The Board has announced that each homeowner will be assessed $5000

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We are a condo association in Florida. We have turned over to our accountant the task of making sure people pay there monthly assessments..

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I am a senior citizen living on a fixed income. The building has experienced broken pipes and has been without central heating and air for months.

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Once completed, we will need to coordinate a special assessment for those that choose not to pay a lump some for their shared cost.

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What happens when we go to sell our condo? Also, they want the lump sum paid to the office, not to our management company, is this legal? Thank you.

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Is it legal to impose a special assessment to fund reserves to an amount recommended by a outside reserve study? I am located in Florida.

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So now when all home owners sell for the next 7 years my question is what is the condo association doing with the sellers money? Is the condo association pay down the loan and pocketing the interest?

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We are unclear as to how to differentiate between regular and special assessments, as it is not clear in the CC&R. Thank you

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Our condo Board of Trustees collected a special assessment of $600 per condo owner times forty five units for a total of $27,000 to affect repairs on the condo pool.

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Can an HOA force an assessment without a vote? Is there a dollar limit ?

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Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.

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