Am legally bound to pay a special assessment at my condo?
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Am legally bound to pay a special assessment at my condo?
I live in a condo and pay a HOA fee every month; it covers upkeep and maintenance. I was given a bill for a “special assessment” for $650 due in 2 months for a roofing project for my building or some building in the community. Not sure which. Anyway, I thought the Association was responsible for building maintenance. If so, why would I have to pay this assessment and am I legally obligated to? I live paycheck to paycheck and cannot afford this all at once.
Asked on July 6, 2012 under Real Estate Law, Indiana
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Yes, probably you are. You need to read the documents associated with the purchase - or have some one read them for you. Generally speaking condo associations are permitted to vote on these types of assessments when money is needed for a special project. They are responsible for the building maintenance and they can asses fees to pay for them. If you can not pay it all at once then you need to strike a deal asap. Good luck.
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