A special assessment is pending—can I sell before the amount is final?

Name the event and date instead of using one vague label. A repair recommendation, engineering estimate, committee discussion, meeting notice, proposed budget, adopted assessment, and payment notice are not interchangeable. Build a timeline showing what exists, what the association has authorized, and what remains undecided.

Florida Statutes §718.112 addresses condominium budgets, reserves, meetings, and structural integrity reserve studies for covered associations. Florida DBPR publishes condominium and inspection guidance, but the association’s governing documents, official records, notices, votes, and professional reports establish the property-specific status.

Collect the source documents before summarizing the issue. Request meeting notices and agendas, minutes, budgets, reserve schedules, SIRS records, milestone reports if applicable, engineer or architect reports available through the association, bids, contracts, permits, insurance communications, board resolutions, assessment notices, payment schedules, and evidence of completed work.

Mark each record with its date and status. The milestone-versus-SIRS guide separates the structural inspection required by Florida Statutes §553.899 from the reserve study governed through Chapter 718; one does not replace the other.

Lead with the known record and update it when the facts change. Describe the affected project, current stage, approved decisions, available estimates, scheduled meetings, and access to documents without predicting a final amount or completion date. Keep engineering interpretations with the engineer and legal disclosure questions with counsel.

A buyer will consider both the unit and future uncertainty. Organize the broader condo document room, including budgets, insurance, repairs, litigation, rental provisions, and application information, so the assessment is not presented without context.

Buyers price both known obligations and unresolved risk. They may ask about total project cost, unit allocation, installments, delinquencies, construction disruption, insurance, reserves, the chance of revised figures, and responsibility at closing. Compare offers by net, financing, deposit, contingencies, document review, and closing date.

Fannie Mae and Freddie Mac publish lender-facing condominium project guidance concerning critical repairs, deferred maintenance, special assessments, and project review. Only the buyer’s lender determines eligibility; never convert a lender concern into a universal “cash-only” claim.

Allocation must be read from current documents and the negotiated contract. The association may establish an obligation and due dates, while the purchase contract addresses seller-buyer allocation. Estoppel or title information and developments before closing can affect the answer. There is no safe assumption that the seller or buyer always pays.

The established special-assessment sale guide explains the full workflow. Alexandra maintains the dated record, communicates updates consistently, and coordinates property strategy while attorneys, title professionals, engineers, the association, agencies, and lenders remain responsible for their conclusions.