Summary: Florida condo owners are now facing steep, per-unit fees due to new state mandates. Some special assessments exceed $200K, and surging monthly dues are further straining finances.
The sudden imposition of such a high special charge certainly creates a challenging situation for condo owners. In similar experiences, understanding the breakdown of expenses and how the funds will be utilized makes a significant difference. It is advisable to request comprehensive financial transparency from the board and consult with a financial advisor to explore potential alternatives or payment plans. Engaging in open dialogue with other owners can also be beneficial to ensure everyone is well informed and prepared for any further financial adjustments.
i reckon the hefty fee isnt directly accting for proper accounting, seems theres grim details. owners need press for details & maybe get legal help. any one know more about this regoarity?
This fee is baffling. I’m curious if anyone has seen similar cases elsewhere and how they managed? I wonder what the board’s long term plan is and what rights we have to get clear details. Any insights on your experiences?