You Have Been Assessing Me Too Much! Square Footage Allocation Discrepancies (CO)

/ Owner - May 1, 2024

For homeowners’ associations whose assessment allocations are based on square footage of units, problems may arise if the developer used incorrect square footages in the calculations and an owner discovers such discrepancy (especially if the owner is paying a higher assessment than they would otherwise). Owners who discover such discrepancies will likely complain to the board and/or manager, oftentimes demand a refund, and typically threaten legal action if the problem is not corrected.    Read the article…………………………….

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