Undisclosed pending assessments are one of the most common sources of post-closing disputes. If an assessment has been approved or is under serious board consideration, disclose it upfront. Buyers who discover a $20,000 assessment during due diligence will either demand a dollar-for-dollar credit, reduce their offer, or walk. Proactive disclosure builds trust and lets you price the property to account for the buyer's expected cost.
From the seller playbook: HOA and Community Governance Disclosure for Suburban Property Sales
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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