‘It’s excessive’: Miami condo owners slapped with shocking $21 million special assessment fee for repairs to their 16-year-old buildings…….. $40,000+ (FL)

/ Owner - November 25, 2024

A $21 million special assessment fee has outraged residents of two 16-year-old buildings at 1060 Brickell in Miami, Florida, with some unit owners facing individual bills exceeding $40,000.  “I think it’s excessive,” resident Nima Mahdjour told CBS News. “I feel like I’m being milked.”  A special assessment fee is paid by condo owners on top of their usual monthly maintenance fees. According to the report, the condo board approved the special assessment fee based on findings from a structural integrity reserve study,    Read the article…………………………….

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