Condominium Special Assessments in Florida: Understanding the Business Judgment Rule
Special assessments, under the Florida Condominium Act, are those assessments imposed against condominium unit owners, other than those assessments required by the association’s annual budget. See 718.103 (24) of the Florida Statutes. Regular assessments, on the other hand, are fees collected from condominium unit owners for the payment of common expenses of the association. Read the article………….
The universe of homeowner associations seems to be a “thousand points of light” all separated by an impenetrable void. Each
Moriatis is planning to add the following language to Florida’s Condominium Act as well as the other chapters that govern