Section 5605 does not limit assessment increases necessary for emergency situations. For purposes of this section, an emergency situation is any one of the following:
(a) An extraordinary expense required by an order of a court.
(b) An extraordinary expense necessary to repair or maintain the common interest development or any part of it for which the association is responsible where a threat to personal safety on the property is discovered.
(c) An extraordinary expense necessary to repair or maintain the common interest development or any part of it for which the association is responsible that could not have been reasonably foreseen by the board in preparing and distributing the annual budget report under Section 5300. However, prior to the imposition or collection of an assessment under this subdivision, the board shall pass a resolution containing written findings as to the necessity of the extraordinary expense involved and why the expense was not or could not have been reasonably foreseen in the budgeting process, and the resolution shall be distributed to the members with the notice of assessment.
Related Topics
Related Statutes
- AB-572 (Haney) Common interest developments: imposition of assessments.
- SB 721 (Hill). Contractors: decks and balconies: inspection.
- Civil Code Section 5615. Notice of Assessment Increase.
- Civil Code Section 5605. Assessment Increases; Requirements and Limitations.
- Civil Code Section 5600. Duty to Levy Assessments.
- Civil Code Section 5300. Annual Budget Report.