The board of a condominium corporation in Windsor identifies that the roof of the building needs a complete replacement, an expense not sufficiently covered by the current reserve fund. To cover this significant cost, what mechanism is the board most likely to implement to collect the necessary funds from unit owners?

Question: The board of a condominium corporation in Windsor identifies that the roof of the building needs a complete replacement, an expense not sufficiently covered by the current reserve fund. To cover this significant cost, what mechanism is the board most likely to implement to collect the necessary funds from unit owners?

Answer options: ✅ Imposing a special assessment

• Applying for a government infrastructure grant
• Increasing the monthly common element fees indefinitely
• Taking out a large commercial loan secured against the common elements

Correct answer: Imposing a special assessment

Explanation: When an unexpected major expense arises that is not adequately covered by the reserve fund, a condominium corporation may levy a special assessment against unit owners to cover the cost, as permitted by the Condominium Act, 1998.