Finance
A Pennsylvania condominium buyer may face a special assessment when:
AThe association approves the buyer's purchase
BThe association needs to fund a major unexpected repair (new roof, structural repair) not covered by reserves✓ Correct
CThe buyer fails to pay their first month's HOA fees
DThe HOA elects new board members
Explanation
A special assessment is an additional charge levied on all unit owners to fund a specific expense not covered by regular assessments or reserves — such as major unexpected repairs, emergency replacements, or capital improvements. Pennsylvania's Condominium Act permits associations to levy special assessments.
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