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HOA Q&A: Is a ‘capital contribution’ of hundreds of dollars charged to new owners legal? (FL)

/ Owner - April 13, 2024

Q: The board of my condo association, which has over 400 units, has been charging and collecting a fee of around $900 from all new owners when they buy a unit and the fee is categorized as a “capital contribution.” Is such a capital contribution allowed under the Florida Condominium Act?    Read the Q&A………………………………..

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