Implementing Special Assessments Requires Deft Touch by Associations
With all the growing costs for Florida community associations attributed to rising insurance premiums and the looming deadlines for new requirements for milestone inspections and structural integrity reserves, many boards of directors are now or soon will be considering one of the most dreaded measures by unit owners: a special assessment.
February 09, 2024 at 01:35 PM
5 minute read
Board of ContributorsWith all the growing costs for Florida community associations attributed to rising insurance premiums and the looming deadlines for new requirements for milestone inspections and structural integrity reserves, many boards of directors are now or soon will be considering one of the most dreaded measures by unit owners: a special assessment. It is no surprise that these additional association assessments, typically used to cover unanticipated or nonrecurring expenses such as repairs, will almost always attract the largest turnouts to board meetings.
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