A one-time charge levied by a condo corporation on unit owners to cover major repairs or expenses not adequately funded by the reserve fund. Special assessments can range from a few thousand to tens o
Strategy Call
Discuss your goals and financing needs
Get Pre-Approved
We match you with the right lender
Close Your Deal
Fast closings with expert support
A one-time charge levied by a condo corporation on unit owners to cover major repairs or expenses not adequately funded by the reserve fund. Special assessments can range from a few thousand to tens of thousands of dollars per unit and represent a significant cash flow risk for investors.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
Talk to a mortgage financing specialist for investors and get personalized guidance.
We use privacy-friendly analytics (no ad tracking). Calculator settings are saved on your device. See our Privacy Policy .