Can I be charged for a special assessment if the condo complex needs repairs?

Yes, you can be charged for a special assessment if the condo complex needs repairs. According to condo law in Nebraska, the condo association is responsible for repairs and maintenance of the common areas of the complex. This includes anything that would affect the safety and wellbeing of people living in the complex such as stairwells, shared walls, and the roofs. The condo association must keep the complex in good repair, however, most associations do not have enough money saved to cover the cost of repair from general fees alone, meaning a special assessment must be charged. A special assessment is an additional fee charged to all of the condo owners in the complex in order to cover the cost of the repairs. The amount and payment plan of the special assessment can vary depending on the size and scope of the repair needed. It is important to note that the condo association can only assess fees to a certain amount and only after approval by all the condo owners. This means that the condo owners in the complex must agree to the amount and payment plan of the special assessment before it is charged. If they do not agree, the condo association must decide another way to fund the repair project.

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Can I be charged for a special assessment if the condo complex needs repairs?

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