HOACompliant
Glossary

Special assessment

A special assessment is an extra charge levied on owners for a particular purpose the regular budget does not cover, such as a major repair or an insurance shortfall. Florida requires specific advance notice to owners before a board meeting at which a special assessment will be considered.

Governing statute

Board meeting noticeFla. Stat. 720.303(2)

Related obligations

Board meeting notice

Related terms

AssessmentsReservesReserve study

General information, not legal advice. Confirm with association counsel.

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