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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.
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 ...
Unfortunately, this leaves property owners facing a difficult choice: stay as dues become unaffordable or sell the condo for a reduced value and try to find somewhere more affordable to live at a ...
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.
Therefore, if the owner of a $1,000,000 home sells that home and puts the money in a bank account, that money is still protected by the homestead exemption, so long as the homeowner has a bona fide intent to use it to purchase another home in Florida entitled to the exemption within a reasonable period of time.
If homeowners fall behind or fail to make these payments — like Quigley, whose problems started after she did not pay two biannual homeowner association dues payments totaling $800 — the HOA ...
Among other things, the HOA assesses unit owners for the costs of maintaining the common areas, etc. That is, the HOA decides how much each owner should pay and has the legal power to collect that. Non-residential uses
Question: Can the board of directors of an HOA limit discussion or questions from an owner to three minutes or less, after the board discusses issues and offers time for questions? Signed, G.L ...
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