Reported 8 months ago
Many Florida condo owners are facing a difficult situation where they receive high assessments from their homeowner's association (HOA) that they cannot afford. This issue stems from increased insurance premiums, demands for repairs and upgrades, and the tragic collapse of Champlain Towers in Surfside. As a result, many owners, especially those in older communities, are struggling with large assessments, making it challenging to sell their units or find new buyers willing to pay the high fees.
Source: YAHOO