‘This is just outrageous’: South Florida condo owners are dumping their homes after getting slapped with six-figure special assessments — and now the once-hot market is floundering

/ Owner - September 8, 2024

Following the 2021 Surfside condo collapse — which killed 98 people due to construction flaws — Florida is requiring stricter safety standards and more frequent inspections, while many condo associations are raising fees to build a larger reserve for repairs.  The Cricket Club’s condo board recently proposed a nearly $30 million special assessment for repairs, like roof replacement and facade waterproofing — coming to more than $134,000 per unit owner.   Read the article…………………………….

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