Condo assessment in CT
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Condo assessment in CT
Are there any laws or regulations that would prevent a
condo association from making special assessments equal
amount for all size units? Currently bylaws specify
assessments should be proportionate to unit size including
assessments for common areas. We are looking to make
them equal as things like tennis court, pool, and road for
instance are used equally by all owners.
Asked on October 14, 2018 under Real Estate Law, Connecticut
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 3 years ago | Contributor
No, there is no law stating that they cannot be equal for all units--there is no law mandating how they have to be divied up or assigned. Proportionate to unit size is a common way to do it, on the grounds that the owners of larger, and hence more valuable, units, gain more from the upkeep of common areas and provision of amenities, on the theory that if good common areas and amenities adds, say (for the sake of this example) 10% to the units' values, the more valuable units will appreciate more (e.g. a 10% gain on a $300k unit is $30k; on a $400k unit, $40k). On the other hand, as point out, all unit owners make equal use of amenities, so from a use (not value appreciation) point of view, equal charges makes sense. Either way, however, is legal: it's whatever the association things is best.
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