Assessments & Dues · Pennsylvania
68 Pa.C.S. 5314
Assessments for common expenses
At a glance
- Assessment frequency
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At least annually
“assessments shall be made at least annually, based on a budget adopted at least annually by the association.”
- Interest rate limit
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Not more than 15% per year
“Any past due assessment or installment thereof shall bear interest at the rate established by the association at not more than 15% per year.”
- Owner negligence cost allocation
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Assessed exclusively against negligent owner's unit
“If a common expense is caused by the negligence or misconduct of any unit owner, the association may assess that expense exclusively against his unit.”
- Limited common element cost split
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Equal shares among assigned units
“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.”
- Partial benefit cost allocation
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Assessed only against benefited units
“Any common expense benefiting fewer than all of the units shall be assessed exclusively against the units benefited.”
- Insurance and utility cost split
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Insurance by risk; metered utilities by usage
“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.”
Each fact is shown with the exact words of the statute it comes from. Your association's governing documents may also apply.
Official text
Copy retrieved from www.palegis.us. Always rely on the official source for the current version.
Show the full text of 68 Pa.C.S. 5314
The same topic in other jurisdictions
British Columbia · Strata Property Act, s. 108 Illinois · 765 Ill. Comp. Stat. 605/9 Maryland · Md. Code, Real Prop. 11B-112.1 Maryland · Md. Code, Real Prop. 11B-117 Ontario · Condominium Act, 1998, s. 84 Oregon · Or. Rev. Stat. 94.645 Oregon · Or. Rev. Stat. 94.704 Texas · Tex. Prop. Code 209.0062 Virginia · Va. Code 55.1-1824 Virginia · Va. Code 55.1-1826 Washington · Wash. Rev. Code 64.90.525 Compare assessments & dues laws side by side →This page is general legal information, not legal advice, and Harrington Community is not a law firm. For advice about your situation, contact a licensed attorney or your state bar's lawyer referral service.