Am I responsible to pay the assessment on the condo that I was selling, if it was finalized during the last week of the closing?
Question Details: I was in the process of selling my condo, the earnest money was put down, they did an inspection, and the repairs were done. Then, 3 days before closing, I recieved a notice of the annual condo meeting to elect new members for the board. I looked at the first page and didn't pay any attention to the rest of it because it would no longer be my property. Apparently, on page 2 or 3 of the paperwork was an assessment the were going to put on the owners of $5000 each for new roof repairs. I never saw it, and the the condo sold. The new owner found out about it shortly thereafter and he is saying it is my responsibility. Who is responsible for paying for this assessement?
You are responsible, because the seller is responsible for all costs, assessements, charges, etc. imposed while he or she still owns the property. You had notice of the charge pre-closing: you were provided with the paperwork. The fact that you chose to not pay attention to it is not a defense to your obligation.