Q & A: Why should I pay for the undisclosed Condo Special Assessments?
By Kwee Huset, Venice Florida Homes For Sale
(Kwee Huset Realty)
Q & A: Why should I pay for the undisclosed Condo Special Assessments? Q by buyer: Why should I pay for the undisclosed Condo Special Assessments? A: The answer will be based on the following terms in the executed Condominium Association Disclosure on Special Assessments (Florida Realtors and the Florida Bar): (i) Seller represents that Seller is not aware of any special or other assessment that has been levied by the Association or that has been as item on the agenda, or reported in the minutes, of the Association within twelve(12) months prior to Effective Date,(“pending”) except as follows:_______________________________ (ii) If special assessments levied or pending exist as of the Effective Date are disclosed above by Seller and may be paid in installments (CHECK ONE): ( ...
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