Special Assessments

A special assessment is an assessment levied in addition to the regular assessment. The board may not impose special assessments which in the aggregate exceed five percent of the budgeted gross expenses of the association for that fiscal year without owner approval, as more fully described in Civil Code section 5605. The limitations of the Civil Code do not, however, limit assessment increases necessary for emergency situations as further described and subject to specified procedural requirements of that section.

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