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Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have ...
Not surprisingly, condo listings are up across the state of Florida. According to Florida Realtors, as of November 2024, new listings of condos and townhouses rose by 5.5% year-over-year. And ...
In 2022, the Florida legislature enacted changes to the Condo Act that would require all structures above three stories to have structural reserve studies done, and, starting in January of 2026 ...
Lopez may address finances once the bill is filed, but she believes the new reserve requirements will be a “one-time big hit” and condo association have options such as taking out loans. She ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
A condo association can increase HOA fees as much as it wants to cover reserves, but condo owners can push back if a budget is 15% more than the previous year, said David Podein, a partner at the ...
If you live in a Florida condo, you may be facing some unexpected challenges in the form of higher homeowner's association fees this year. A Redfin analysis found that HOA dues have risen sharply ...
Florida Gov. Ron DeSantis has sent a not-so-subtle message to lawmakers regarding the financial crisis that could take place in South Florida — and in other condo-heavy areas of the state ...