When I sell my condo do I have to pay all special assessments
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When I sell my condo do I have to pay all special assessments
Condo sale special assessment
Asked on June 1, 2019 under Real Estate Law, Illinois
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
Not unless you specifically agree as part of the contract of sale to pay this (e.g. to make the deal more attractive to a buyer). Otherwise, the seller is responsible for assessements up to the moment of closing, the buyer from the closing forward.
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