The special levy is a means for the COA manager to cover extraordinary financial needs of the community.
In the case of a new building, the owners' association does not yet have any financial resources. However, after completion of the building, costs are incurred which must be paid immediately (for example, insurance, elevator, equipment rental, etc.). These costs are due directly after completion for a whole year, the community steps in advance. Sufficient liquidity must be available for this advance payment, which is created within the framework of a special allocation (in this case called "start-up capital" ).
The special contribution/start-up capital to be paid in is usually added to the reserve, thus immediately creating a financial cushion for later maintenance work, which ensures the necessary liquidity in the new community.
