HOA Special Assessment Notice Template
FinanceFormal notice template for announcing a special assessment to homeowners, with purpose, amount, and payment schedule.
Special assessments require clear, formal communication to homeowners. This template ensures the board provides all legally required information: the specific purpose of the assessment, the total amount, the per-unit allocation, the payment schedule, and the authority under which the assessment is being levied. Proper notice reduces disputes and demonstrates fiduciary responsibility.
- Specific purpose and necessity of the assessment
- Total assessment amount and per-unit cost
- Payment schedule and due dates
- Authority to levy the assessment (CC&Rs citation)
- Consequences of non-payment
- Board contact for questions or hardship requests
Send this notice immediately after the board or membership votes to approve the special assessment. Many governing documents require 30 days' notice before the first payment is due.
[COMMUNITY NAME] HOMEOWNERS ASSOCIATION NOTICE OF SPECIAL ASSESSMENT Date: [DATE] To: All Homeowners Dear Homeowner, The Board of Directors has approved a special assessment to fund [SPECIFIC PROJECT OR PURPOSE]. PURPOSE [Detailed explanation of why the assessment is necessary — e.g., emergency roof repair, underfunded reserve, etc.] ASSESSMENT DETAILS Total Assessment Amount: $[AMOUNT] Number of Units: [X] Per-Unit Assessment: $[AMOUNT] PAYMENT SCHEDULE Payment 1: $[AMOUNT] due [DATE] Payment 2: $[AMOUNT] due [DATE] Payment 3: $[AMOUNT] due [DATE] AUTHORITY This assessment is authorized under [CC&Rs / Bylaws] Section [X.X]. NON-PAYMENT Failure to pay may result in late fees, interest, and lien proceedings as permitted by the governing documents and state law. HARDSHIP Homeowners experiencing financial hardship may request a payment plan by contacting [TREASURER NAME] at [EMAIL] before the first due date. Sincerely, [BOARD PRESIDENT NAME] Board President, [COMMUNITY NAME] HOA
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Send this notice immediately after the board or membership votes to approve the special assessment. Many governing documents require 30 days' notice before the first payment is due.
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LotWize generates this automatically with your community's actual details
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Start 14-Day Free TrialThis template provides general guidance only — not legal advice. HOA rules and document requirements vary by state and by your governing documents. Always consult an HOA attorney before using any document in a legal or enforcement context.