Q: When does my co op board have to give specific dollar amount about for a special assessment before expecting payment?
A: The process is for the board to give notice of a meeting 14 days in advance of the meeting to vote on the special assessment. Once the assessment is approved the board needs to send out a notice to the owners of the special assessment. There is no specific law of when the assessment can be expected to be paid but the assessment cannot be retroactive.
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