Governor Ron DeSantis is calling for a solution to the skyrocketing condo assessment fees that have left many Florida condo owners struggling. He urged lawmakers to take swift action and deliver relief by the end of this year.
Following the 2021 Surfside condo collapse, Florida passed stringent safety reforms requiring inspections and structural repairs on older buildings. While these new regulations aim to enhance safety, they’ve also led to a surge in special assessments, putting financial pressure on condo owners, especially retirees and those on fixed incomes.
DeSantis emphasized that while safety is a priority, the financial burden on condo owners needs to be addressed. "People should not have to choose between paying for essential safety repairs and being able to afford their daily living expenses," he stated.
Many condo associations across South Florida are now facing huge bills to bring buildings up to code. The challenge is balancing safety concerns with the economic realities facing property owners. Some owners have seen assessments in the tens of thousands of dollars, leading to fear and frustration about potential foreclosures.
DeSantis is working with state lawmakers to explore relief options, which may include state-funded grants, loans, or delaying the enforcement of some costly regulations to give property owners more time to comply.
Local condo owners and associations are eagerly awaiting further announcements, hoping for a solution that will alleviate some of the financial strain while keeping Florida’s condo buildings safe and secure.
If you're a condo owner in South Florida and concerned about upcoming assessments, it's essential to stay informed. Follow updates on this potential relief effort and reach out to your local representatives to voice your concerns.
Posted by Andy Mandel on
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