Real Estate/Development
Dec. 2, 2011
Condo owners win big fight over special assesments
Ruling on an issue closely watched by the real estate industry, a judge blocked hundreds of residents of a condominium association from being forced to pay what plaintiff's lawyers said would have amounted to $90 million in special fees.
Daily Journal Staff Writer
Ruling on an issue closely watched by the real estate industry, a judge blocked hundreds of residents of a Long Beach condominium association from being forced to pay what plaintiffs' lawyers said would have amounted to more than $90 million in special assessment fees over the next 30 years.
Los Angeles County Superior Court Judge Patrick T. Madden overturned the monthly fee residents of th...
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