The declaration for the Toretto Condominium states that each owner of an apartment unit in the building owns an equal portion of the common elements. There are 50 apartment units in the building. Due to some illegal street racing, a car has crashed into the lobby of the building causing $150,000 in damage. What is the amount of the special assessment that each unit owner must pay to make the repairs?

Answer rating: 100% (QA)

Since each unit owner has an equal share of the common elements and there are 50 units t... View the full answer