top of page
< Back


Save this article  > 

Preparing for a Special Assessment

Toronto Condo News
Publication date:
June 25, 2019
Article Summary: 

Preparing for a Special Assessment

June 2019 Special assessments are a last resort for condo corporations with poor budgeting, deferred maintenance that can no longer be deferred, or unexpected repairs.

For condo communities, requiring immediate payment of a special assessment can be the best way to protect resale values.

Special assessments can be harder for the unprepared.

Fortunately, the need for a special assessment is usually clear long before any formal announcement.

Discussion about a specific system combined with a declining or low reserve fund may indicate a special assessment is to be expected.

Take the known total and multiply by the percentage used to calculate your condo fees.


special assessment, condo special assessment, condo fee assessment, condo assessments, condo fees, condo fees increase, condo fees increase 2019

Source Citation: 
Toronto Condo News
Preparing for a Special Assessment
June 25, 2019
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page