Special Assessments and Condominium Sales Contracts

By |2021-10-25T13:33:51-04:00March 19th, 2017|Financial, International, Taxes, Uncategorized|

Special Assessments can be the bane of a condominium closing. The standard ASIS-5 contract has provisions within the contract at Section 9, Subsection (f), Line 177 called “Special Assessments”. However, this section of the contract does not deal with special assessments passed by an association. This provision in the contract is dealing with [...]