What is a condo special assessment, and who pays for it? Unexpected condominium costs can leave owners with plenty of questions.

Jamin Panesar, a real estate lawyer at Woitzik Polsinelli, explains why condo corporations issue special assessments, how each owner’s share is calculated, and how payments may be collected. Watch for a closer look at this potential cost of condo ownership in Ontario.

For legal advice when purchasing a condo in Ontario, contact Jaimin at 289-220-3281 or jaimin@durhamlawyer.ca.

Disclaimer: This video is not legal advice. Consult with a qualified legal professional for advice tailored to your circumstances.