Special assessments get no respect. We'd even go so far as to say that they're almost universally reviled.
However, the wisest board members view them through a practical lens. Special assessments are simply a tool to help communities fund necessary projects—one you should consider when necessary rather than let required maintenance or repairs go undone.
In this comprehensive report: Condo/HOA Special Assessments: An A-to-Z Guide for Smart Board Members, we've sought the advice of legal and community association
management experts to help you better understand the role of the special assessment and make your job of deploying them less stressful.
In this report, you're getting helpful information, including:
- Why condos/HOA boards and owners shouldn't fear special assessments
- Condo/HOA loan v. special assessment: How to evaluate your options
- The early steps you'll need to take to pass your condo/HOA's special assessment
- How to get owners' approval for your special assessment, even if you don't need it
- How to set the amount of your condo/HOA's special assessment
- Pay now, pay over time, or pay early to save: Special assessment payment options to offer owners
- Board dramatically increases assessment amount, then allegedly targets owner who complains
- Can you use condo/HOA special assessment money for reasons other than those you stated?
- When you can't pass a special assessment at your HOA
- Refunding an HOA special assessment? Wise? Who gets it?
- Emergency assessments: Are they for real?
- Helping owners fund a special assessment
- HOA communications: Tips for "selling" a special assessment
