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Assessments for common expenses - 68 Pa. Cons. Stat. § 3314Legal Research Home > Pennsylvania Statutes Sponsored Links
§ 3314. Assessments for common expenses.
(a) General rule.--Until the association makes a common
expense assessment, the declarant shall pay all the expenses of
the condominium. After any assessment has been made by the
association, assessments shall be made at least annually and
shall be based on a budget adopted at least annually by the
association. The budgets of the association shall segregate
limited common expenses from general common expenses if and to
the extent appropriate.
(b) Allocation and interest.--Except for assessments under
subsection (c), common expenses shall be assessed against all
the units in accordance with the common expense liability
allocated to each unit (section 3208) in the case of general
common expenses and in accordance with subsection (c) in the
case of special allocations of expenses. Any past due assessment
or installment thereof shall bear interest at the rate
established by the association not exceeding 15% per year.
(c) Special allocations of expenses.--Except as provided by
the declaration:
(1) Any common expense associated with the maintenance,
repair or replacement of a limited common element shall be
assessed in equal shares against the units to which that
limited common element was assigned at the time the expense
was incurred.
(2) Any common expense benefiting fewer than all of the
units shall be assessed exclusively against the units
benefited.
(3) The costs of insurance shall be assessed in
proportion to risk and the costs of utilities that are
separately metered to each unit shall be assessed in
proportion to usage.
(4) If any common expense is caused by the negligence or
misconduct of any unit owner, the association may assess that
expense exclusively against his unit.
(d) Reallocation.--If common expense liabilities are
reallocated, common expense assessments and any installment
thereof not yet due shall be recalculated in accordance with the
reallocated common expense liabilities.
(Dec. 18, 1992, P.L.1279, No.168, eff. 45 days)
Cross References. Section 3314 is referred to in sections
3102, 3103, 3312, 3315, 3316 of this title.
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Last modified: November 27, 2007 |