Q: Condo association fee question
We were just hit with a HEFTY condo association fee. We need to pay 3k in less than a month, or we will be fined. They are charging 3k per unit to fix the roofs, that they haven’t fixed in years. On top of this, we already pay 200 a month. It seems unfair to ask for so much money so quickly.
A: That is a lot of money, but you've not asked a legal question. Perhaps you can finance the assessment, assuming it was properly authorized.
A: Your requirements for paying special assessments such as this should be addressed in the Declarations for the Condo Association that you were given by the title company at the time you purchased the condo. That document will detail how special assessments are determined and each condo owner's payment requirements.
John Michael Frick agrees with this answer
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