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For now, the special assessment seems unavoidable for Brickell unit owners. The condo's board is preparing for an election, and some owners hope new leadership will review the timeline and cost of ...
Some condo owners facing whopping special assessment fees may have no option but to sell their unit — especially retirees on fixed incomes, or younger Americans who used all their savings to buy ...
Condo owners must begin reserve contributions in 2025 or 2026. Monthly condo assessment fees jumped by nearly 60% over the past five years in South Florida. Then there are the special assessments ...
Condo owners unable to pay an assessment can be foreclosed on by their condo association. She considered selling, but the assessment was driving down property values in the building.
However, at a special meeting, the owners arrived in hordes to convince the board to hold off on making a decision. “You need to get together, this problem is not going away,” resident Robert ...
Florida condo owners are being hit with these sky-high assessments for several reasons. Many insurers are demanding extensive repairs or upgrades to common areas as a condition of renewing the ...
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