A special assessment is an exceptional amount that co-owners must pay to finance major or unexpected work that exceeds the available contingency fund. Common projects include roof replacement, parking lot repair, elevator upgrades, or structural work. The assessment is distributed among co-owners according to their fractional shares (quotes-parts) as defined in the declaration of co-ownership. This free calculator lets you quickly estimate each unit's share and explore installment options.
In Quebec, a special assessment must be voted at a co-owners' meeting, generally by majority of votes cast. The syndicate has a legal hypothec on fractions in default of payment (article 2729 of the Civil Code). Bill 16, adopted in 2019, aims precisely to reduce the need for special assessments by requiring syndicates to maintain an adequate contingency fund based on a professional study.
Amount the syndicate can use from the contingency fund to reduce the special assessment.
Edit unit numbers to match your condo.
Net assessment
$100,000
Average per unit
$8,333
| Unit # | Fraction | % | Lump sum |
|---|---|---|---|
| Unit 101 | 1 | 8.3% | $8,333 |
| Unit 102 | 1 | 8.3% | $8,333 |
| Unit 103 | 1 | 8.3% | $8,333 |
| Unit 104 | 1 | 8.3% | $8,333 |
| Unit 105 | 1 | 8.3% | $8,333 |
| Unit 106 | 1 | 8.3% | $8,333 |
| Unit 107 | 1 | 8.3% | $8,333 |
| Unit 108 | 1 | 8.3% | $8,333 |
| Unit 109 | 1 | 8.3% | $8,333 |
| Unit 110 | 1 | 8.3% | $8,333 |
| Unit 111 | 1 | 8.3% | $8,333 |
| Unit 112 | 1 | 8.3% | $8,333 |
Payment tracking, automatic reminders, and simplified accounting for your special projects.
The net assessment is the total project cost minus the available contingency fund balance. The per-unit breakdown shows each co-owner's share according to their fraction. If you choose an installment plan, the calculator adds simple interest to the total and divides by the number of months. A warning appears if any unit exceeds $25,000 — in that case, an installment plan is strongly recommended.
Obtain multiple quotes to validate the estimated cost of your work. Present the scenarios (lump sum vs installments) to your co-owners' meeting. Vote the resolution with the chosen payment plan. To simplify payment tracking and reminders, CondoAide offers dedicated tools for managing special assessments.
CondoAide is a management and information tool. It does not provide professional advice within the meaning of the Engineers Act, the Professional Code, or any other applicable legislation. Consult a qualified professional for any decision regarding your condominium.