Am I responsible to pay the assessment on the condo that I was selling, if it was finalized during the last week of the closing?

UPDATED: Oct 1, 2022

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Am I responsible to pay the assessment on the condo that I was selling, if it was finalized during the last week of the closing?

I was in the process of selling my condo, the earnest money was put down, they

did an inspection, and the repairs were done. Then, 3 days before closing, I recieved a

notice of the annual condo meeting to elect new members for the board. I looked at the first page and didn’t pay any attention to the rest of it, because it would no longer be my property. Apparently, on page 2 or 3 of the paperwork was an assessment the were going to put on the owners of $5000 each for new roof repairs. I never saw it, and the the condo sold. The new owner found out about it shortly thereafter and he is saying it is my responsibility. Who is responsible for paying for this assessement?

Asked on November 28, 2018 under Real Estate Law, Kentucky


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

 You are responsible, because the seller is responsible for all costs, assessements, charges, etc. imposed while he or she still owns the property. You had notice of the charge pre-closing: you were provided with the paperwork. The fact that you chose to not pay attention to it is not a defense to your obligation.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

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