Terms of Use - REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA. The information contained on this site is based in whole or in part on information that is provided by members, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility. The listing content on this website is protected by copyright and other laws, and is intended solely for the private use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, “screen scraping”, “database scraping”, and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
DeclineAccept

Oliver Reprich

Oliver Reprich Muskoka REALTOR

Special assessments of a Condo Corporation

Special assessments are a type of common expense fee. They can be charged by a condo corporation from time to time in addition to the regular monthly condo fees. Special assessments may be charged to help pay for unexpected major repairs or shortfalls in the reserve fund.

The condominium declaration sets out how much each condo unit will pay when there is a special assessment. It is the same percentage that is used to determine an owner’s share of monthly condo fees.

A special assessment is set by the condo board and does not need to be approved by all owners. You have the right to request copies of financial records from your board, as long as you put your request in writing and give reasonable notice.


More common questions related to the topic: Bracebridge

Where is the Bracebridge Town Office located?

Should sellers repair defects before selling?

What are the Property Tax Rates for Bracebridge in 2015

Map of Zoned EP1 Wetlands in Bracebridge

When is the Fire and Ice Festival in Bracebridge?

Are the snowmobile trails open in Bracebridge?

Did property prices increase in Bracebridge in 2016

What are the development fees for Building in Bracebridge

Where can I find the zoning bylaws of Bracebridge?

Can my neighbour and I simply agree on the location of the boundary?

Ask your own Question.

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

Bracebridge Realty, your trusted local real estate brokerage in the "Heart of Muskoka"

Log In