HOA Special Assessment liability and Closing Date
I have a contract in a condo unit in Florida and just learned that there was a special assessment of about $5k per unit that will be charged in 20 months effective June 1st. We would close about a week after this date. I would like to confirm if (a) as a buyer I am I liable to pay the special assessment or (b) because this was decided before the closing date it should be paid by the seller in the HUD or (c) it's negotiable.
Many thanks!