Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are special assessments shared equally by all owners?

0
Posted

Are special assessments shared equally by all owners?

0

No. Special assessments are assessed accordingly to “unit entitlement” which is a formula registered with the strata plan. Apartment-style or townhouse stratas are unlikely to have identical unit entitlements. Your strata can vote to change the unit entitlement, but it requires a unanimous vote of all owners.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123