Search results
Results from the WOW.Com Content Network
A special assessment fee is paid by condo owners on top of their usual monthly maintenance fees. According to the report, the condo board approved the special assessment fee based on findings from ...
Parks Huffstetler, a snowbird who bought a condo unit at SurfSide Club South in late 2021, told News 6 he had no idea about the upcoming assessment fees — and he certainly hadn’t budgeted for ...
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 ...
“And condos, they need to have 100% reserves.” ... s townhouse owners hope that postponing the vote may give them more time to gain some insight into why the special assessment fee is so high.
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 ...
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.
Today, he pays $340 a month for a special assessment and $897 a month for monthly condo HOA fees. Starting in January, the association expects him to contribute another $731 a month toward reserves.
Condos and co-ops, both of which are ... HOA fees and assessments in high-risk markets. For markets at greater risk for extreme weather and other dangers, though, that percentage is much higher ...