Many condominium corporations effectively plan for the future and prepare for costs associated with typical maintenance and replacements. However, when a major repair or capital improvement project is needed, those that don’t have adequate funds set aside may have reasons to worry. If this happens, or the condo faces a significant unforeseen expense, a special assessment might be required. Read on to learn about special assessments, how to avoid them, and more. Read the article……………………………….
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