Special Assessments

Your CC&Rs or bylaws should specify how special assessments are handled. I would expect an individual bill sent to each owner's mailing address but your documents may be different.

If your documents don't provide for a formal procedure, and I suspect they don't, I don't see that it makes any difference one way or the other. If your association calculates the amount on the proportioned share of the individual units, it ceretainly would be convient to see if the math was right as you probably know what your apportioned share is. I suggest the coreect method of determining what a special assessment is to refer to the figures on the Long Range Plan, which should confirm the extra assessment creditability. If you are like my condo regime the board can manipulate the five year plan, create a new need for another special assessment, or what ever they think will fly. We have been paying a special assessment for five years, to, in part, build up reserve amount. Now this year they want another special assessment, took money out of Reserve account last year, put a CPI increase of 4.7% on assessments, and also are going to raise our general assessments. And of course our insurance bill is going to go up about 50% or more. But, not to worry, we have been assured our board is doing a great job of protecting the owners investments. And, maybe they are.