Property Management
An HOA in Florida assesses a special assessment for roof replacement. This type of assessment is:
AIllegal without state approval
BA one-time charge to all unit owners to fund a capital improvement not covered by reserves✓ Correct
COnly applicable to condominium associations
DLimited to $500 per unit under Florida law
Explanation
A special assessment is a one-time charge levied on property owners (HOA or condo association members) to fund capital improvements or repairs that are not covered by the regular operating budget or reserves.
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