Skip to content

My condo says I have to pay a special assessment. What do I do?

Special assessments are one time charges that your corporation uses to fill a budget deficit. Your condo board may need to levy a special assessment for a variety of reasons, like unforeseen expenses, under-budgeting or because they are facing litigation costs. Owners should keep a close eye on condo financials when they are shared with them. Ultimately, the best way to avoid special assessments is sound financial management of the condo corporation. The Condo Authority provides many resources that can help with financial management.

CAO is improving its Director Training to include new and updated content! Please note the training will not be accessible Oct. 29 after 5 p.m. until we launch Nov. 1 at 10 a.m. while we make these improvements. Please contact us if you have any questions.

X

Stay in the know with CAO!