There is a special assessment. Do I have to pay it?

Under the standard Residential Purchase and Sale contract, the total of any special assessment passed by resolution on or before the Closing Date, is to be paid by the Seller regardless of when the amount is due.  For example, if there is an assessment payable in installments and the installments are due after the Closing Date, the seller is responsible for payment of the total amount due including the installments payable after closing.

Any amounts due will be paid by the Seller’s lawyer on closing from the sale proceeds. 

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Updated on August 23, 2023