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  2. Property condition assessment - Wikipedia

    en.wikipedia.org/wiki/Property_condition_assessment

    Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.

  3. Is your condo ripe for a buyout? Seven signs that ... - AOL

    www.aol.com/condo-ripe-buyout-seven-signs...

    South Florida condo owners have it tough these days.Condo assessment fees have gone up nearly 60% in both Miami-Dade and Broward counties, and special assessments have added onto financial costs ...

  4. Is insurance contributing to the condo crisis? Florida ... - AOL

    www.aol.com/insurance-contributing-condo-crisis...

    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 ...

  5. Reserve study - Wikipedia

    en.wikipedia.org/wiki/Reserve_study

    The guidelines made reserve studies mandatory for all newly converted, non-gut rehabilitation condominium developments to be eligible Fannie Mae project approval. [18] All other types of condominiums have the option to submit a compliant reserve study or must add a budget line item for reserves equal to 10% of the yearly assessment income.

  6. Florida condos need a spending plan to make repairs — but ...

    www.aol.com/florida-condos-spending-plan-repairs...

    Miami-Dade County’s median monthly condo assessment fee of $900 from April through June this year is up 59% from the $567 fee over the same stretch in 2019, according to data from Redfin.

  7. A reckoning is coming for Florida's condo owners as buildings ...

    www.aol.com/news/reckoning-coming-floridas-condo...

    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.

  8. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    In many states, the process of assessment and collection may be viewed as a two-year process, where values are determined in the first year and tax assessed and paid in the second. [36] Most jurisdictions encourage property owners to declare the value of their property at the start of the assessment process.

  9. 'I needed to return to work': Florida condo owners face ... - AOL

    www.aol.com/finance/needed-return-florida-condo...

    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 ...