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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 ...
Owners at the Surfside condos in Daytona Beach, where a two-bedroom unit is currently listed for $415,000, have paid between $50,000 and $60,000 in assessments to have their building’s concrete ...
South Florida condo owners, burdened by spiraling insurance, repair bills and a new state law, saw their association fees shoot up nearly 60% over the past five years — driving some to consider ...
Travel + Leisure Co., headquartered in Orlando, Florida, is the largest vacation ownership company in the world by number of owners and resorts. It includes a network of more than 270 properties, 25,000 individual units, and over 800,000 property owners. [14] Locations are in North America, the Caribbean, and the South Pacific. The company's ...
Habitat is an American real estate magazine founded in 1982 and aimed at co-op boards, condominium associations, and related professionals such as attorneys and managing agents. The print magazine concentrates on the greater New York City metropolitan area while its Web site contains features for general-interest co-op/condo directors ...
What should condo owners consider in this situation? Robbie Bell: The decision has to be totally made on your specific needs and not anyone else’s. It is a personal preference. It is all about ...
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community), is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
Some owners, like Ivan Rodriguez, who liquidated his 401(k) retirement account to buy a unit for $190,000 in 2019, can’t afford the extra fees, so they’re putting up their condos for sale instead.