How to Make Special Assessment Collection Easier

January 17, 2012
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Although your community association's governing documents almost certainly provide for the possibility of special assessments—an extra one-time payment owners must make for a specific purpose, such as roof repairs—owners tend to forget about this and often are surprised, and upset, when their monthly payment isn't the same. Owners who haven't put aside funds to pay for their share of an improvement to the community could get into financial trouble if they have to pay more than they've budgeted for their monthly payments.

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