Condominium Associations Suffer Financially When Failing to Amend Their Declarations

In 2014 the Florida Condominium Act (the “Act”) was amended to make it easier for Condominium Associations to recover past-due assessments from third-party purchasers at a mortgage foreclosure sale. The longstanding Florida law is that a condo unit owner is jointly and severally liable with the prior unit owner for all unpaid assessments that came due up to the transfer of title.    Read the article…………..