Can Associations Keep Extra Special Assessment Funds?

by Joseph Adams

Q: Last year my condominium association levied a special assessment to fund a project to remodel the building’s lobby. The project is now complete and there is a significant amount of money left over. So, questions are arising as to how the association should handle the surplus funds. What does the association need to do with this extra money? (G.R., via e-mail)

The post Can Associations Keep Extra Special Assessment Funds? first appeared on Florida Condo & HOA Law Blog.

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