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Condo boards have been hit with higher premiums for their commercial condo association policies — prices increased 6.6% in the second quarter of 2024 compared to the second quarter 2023 ...
Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022. It requires associations to have ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
The problem is that condo owners are being charged special assessment fees to cover these cash reserve requirements — and many can't afford them. Compounding the problem is that insurance costs ...
Increased insurance premiums have already left many Florida condo owners facing increased HOA fees. That's coming at a time when the insurance the owners carry on their own units is becoming ...
According to data from Condo Vultures, the tri-county area had 12,925 condo associations as of December 2023 — that’s about 26% of the 50,000 condo associations in Florida.