Condo-HOA Blog - Special Assessments
One of the unavoidable realities of being an owner at a condominium association is the obligation to pay membership dues. Typically, a condominium's board of directors will levy an annual assessment based on a budget that has been ratified by the association's members. The annual expenses will then be assessed to owners and divided according to each unit's percentage of "common expense liability" or "allocated interests." Such dues are usually payable on a monthly basis. read more
"Assessments"..."Fines"..."Dues" - Does it Matter?
Know the difference! read more
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