Low Assessments May Not Be Good

If Assessments are Low…

Low Assessments may not be good

  • It may mean the Developer is still in control of the Association. The Developer may keep dues artificially low in order to make the units attractive and increase sales
  • The Developer may have left the Association without a Reserve Fund
  • The Board may prefer to be popular with the owners and refuse to increase dues, even if ...
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Special Assessment Overview

A Special Assessment is an extra assessment to the homeowners above what the regular monthly/annual assessments are. Usually, when a Association approves a Special Assessment, it is not looked upon favorably by both Lenders and potential homebuyers. It may result in reduced market value.

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There are many reasons for a Special Assessment:

Underfunded Reserves – Roofs need to be replaced and the Reserve Fund is either ...

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