Q&A: Is an owner vote needed before we can borrow money and special assess? (FL)

/ Owner - May 25, 2024

Q: Our condominium association is considering entering into a loan to fund repairs to our condominium property from Hurricane Ian. We are intending on paying off the loan with a special assessment against all the owners in the condominium. There are some owners who have said that we cannot do this without a unit owner vote. Is a unit owner vote required before we can borrow money and special assess?   Read the Q&A………………………………..

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