Real Estate Q&A: Who Pays Balance of Special Assessment if Property Is Sold? (FL)

Q: Our association will be remodeling the clubhouse, and there will be a significant assessment. We will have the option to pay off the amount in one lump sum or over 10 years. If I sell while paying off the assessment, am I responsible for paying the balance, or does the new owner take over the payments?   Read the Q&A…………………………….

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