Some time ago one of the properties I managed was faced with a special levy payment of $10,000 each owner.
About half of the owners could write ouy a check, however for the other half of owners, 10K was a crippling cost, and to make things very bad, all the time the work was being done, which would take at least a year, from the start of the process of finding contractors to do the work until a certificate of Substantial Completion was issued to the Home owner's Association or Condo Corporation owners that manages the development on behalf of all the home owners, no owners can Buy or Sell their units as the bank will not finance or give loans against repair bills.
So owners are stuck UNLESS they use a Special Levy Buster.
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