Can the board apply for financing of renovations?

Q: Our condominium is about to undertake renovations and the membership cannot stomach a significant special assessment to pay for the renovations. The board is considering a line of credit to finance the renovations. I recognize that the financing will make it easier for owners to pay for the improvements, but I do not want to pay any interest. Can this be avoided?     Read the Q&A…………..


Related Articles

How much can an association charge for transfer fees?

Q. Our homeowners association (HOA) currently charges new potential purchasers a $100 application fee. I’ve been advised by our management

Condo Q&A

Q: I would like some clarification regarding fees charged by condominium associations. The Florida Condominium Act states that no charge

Couple sues HOA over home invasion robbery (FL)

Theirs was the fourth Collier County home invasion in a five-week span.  Now the couple is suing their homeowner’s association,