If you’re an owner of a condominium, you may sometimes be in for a surprise that can be costly and frustrating. It’s two dreaded words that any condo owners hope to never hear. A special assessment. A special assessment is an additional fee that is levied by a condominium association on top of regular condominium… Continue reading Got a special assessment on your condo? Here’s what you need to know
Tag: condo fees
Got a special assessment on your condo? Here’s what you need to know
Status Certificate. What is it and Why Should You Care.
If you are buying a condo, you will probably encounter the term “status certificate”. What exactly is a status certificate and why are status certificates important? Think of a status certificate as a comprehensive document that provides information about the current state of a condominium property. The purpose of it is to give potential buyers… Continue reading Status Certificate. What is it and Why Should You Care.