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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.
The Condominium Act, at Section 718.110, Fla. Stat., says that, unless permitted by the original declaration, “no amendment may…change the proportion or percentage by which the unit owner ...
Parks Huffstetler, a snowbird who bought a condo unit at SurfSide Club South in late 2021, told News 6 he had no idea about the upcoming assessment fees — and he certainly hadn’t budgeted for ...
Toronto's condo population has grown from 978,125 in 2011 to 1.478 million people in 2016 representing 54.7% of the city population according to Toronto Condo News. [10] Outside of Toronto, the most common forms of condominium have been townhomes rather than highrises, although that trend may be altered as limitations are placed on "Greenfields ...
The L Tower (also known as the Libeskind Tower) is a residential skyscraper in Toronto, Ontario, Canada designed by architect Daniel Libeskind. The project, which broke ground in mid-October 2009, saw many delays. One cause for delay was a stop-work order caused by safety concerns about the crane at the top of the building.
Condominium is an invented Latin word formed by adding the prefix con-'together' to the word dominium 'dominion, ownership'. Its meaning is, therefore, 'joint dominion' or 'co-ownership'. [3] Condominia (the Latin plural of condominium) originally referred to territories over which two or more sovereign powers shared joint sovereignty. This ...
New condo fees can be a big problem by themselves, but the situation is made worse by other high living costs. Home insurance prices in Florida, for example, are among the highest in the nation.
The leaky condo crisis, also known as the leaky condo syndrome and rotten condo crisis, is an ongoing construction, financial, and legal crisis in Canada. It primarily involves multi-unit condominium (or strata) buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.). In ...