Calculate each co-owner's share for a special project. Free.
Quick Answer: a special assessment is voted by the general assembly when the contingency fund or current budget cannot cover an unexpected expense. The amount is split by each co-owner's fractional share. Use the calculator below to distribute a given amount across the fractions.
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 is decided by the board of directors, which must consult the assembly of co-owners before deciding on it (art. 1072.1 CCQ): the assembly is consulted, it does not vote on the assessment, unless the declaration of co-ownership requires it. After a default of more than 30 days, the syndicate benefits from a legal hypothec on the defaulting co-owner's fraction (art. 2724 para. 3 CCQ), which is acquired only upon registration of a notice in the land register (art. 2729 CCQ). 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.
Our full guide walks through articles 1072 and 1072.1 of the Civil Code, what the board decides vs the assembly, how to prepare the consultation, communicate with co-owners, and collect payments without creating tensions.
Read the full guide on special assessmentsThe 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.