After the crash of the real estate market and the subsequent foreclosure crisis, many homeowners who found themselves with properties under water capitalized on the ability to rent those properties while not paying their mortgage or community assessments. Florida’s legislature responded by adopting Florida Statute §718.116(11), Florida Statute §719.108(10), and Florida Statute §720.3085(8) giving community associations the power to intercept rental payments from tenants leasing properties from owners who were delinquent in payment of assessments. Read the article…………..
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