Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Leaky Condo: $78K - $200K assessment (split from the Realtor 1 subforum)

Knut · 06-28-2011, 02:08 PM

I ran into a special assessment 2 months after I bought a Condo. Luckily it was only about $3500. I had a lawyer read over the condo documents and assumed i was covered when they said there was no special assessments coming, or any issues they could see. I guess I should not have been so lazy and actually read the part of the minutes where they talked about a leaky roof. Basically our condo board was told that it was not worth it to pursue legal means as the legal costs would end up being more than the costs of the assessments.

06-28-2011, 02:08 PM	#26
Knut Join Date: Oct 2002 Exp:	I ran into a special assessment 2 months after I bought a Condo. Luckily it was only about $3500. I had a lawyer read over the condo documents and assumed i was covered when they said there was no special assessments coming, or any issues they could see. I guess I should not have been so lazy and actually read the part of the minutes where they talked about a leaky roof. Basically our condo board was told that it was not worth it to pursue legal means as the legal costs would end up being more than the costs of the assessments.