Can a condo board charge owners a resale capital contribution for resales?

Q. I am on the board in my condominium association, and we have heard of other communities charging a resale capital contribution for resales. This seems to be a great way of generating additional revenue to supplement assessments and prevent increases in assessments. Can our board of directors pass a resolution to implement such an assessment?   Read the article…………..


Related Articles

Bill Would Protect Condo Owners Against Bulk-Buying Abuse (FL)

Lawmakers were primed to finally address one of the more highly publicized consumer crises facing Floridians during the Great Recession.

Lawmakers struggle with Ubers, Airbnbs of the world (FL)

The cost of hailing a ride with your cellphone or booking a private-home room for the night could rise under

Vizcayne Condo Associations Not Happy With Private Equity Firm That Finished Construction

Two condo associations at two Miami high-rises that fell victim to the housing crash are refusing to cover the tab