Time Limit for Special Assessments to be Challenged
Condominium owners are never happy to hear the news that their condominium corporation is levying a special assessment. In a recent case, Tarko v. MTCC No. 626, one owner took the corporation to court on the basis that the expenses which the special assessment was to cover were not proper condominium expenses. Read the article………..
The declaration of a condominium corporation must confirm the proportions in which owners are to contribute towards the common expenses
A reserve fund is a separate fund that is maintained by the condominium corporation. The reserve fund is funded by