condo fees: How do we stop the bleed?
- 04/22/08 09:07 AM
Today in the Miami Herald, http://www.miamiherald.com/ one more problem is taking front page for South Florida condo owners. It seems that an increasing number of condo owners are not paying the association fee, this put the remaining owners in a very tight squeeze. In a very extreme case 90% of the owners are not paying their fees. This has caused the associations to cancel services, postpone maintance and in some cases drop insurance coverage. The result is the fees are increasing to the remaining few to the point that current owners are not able to keep up with payments and defaults to this … (0 comments)
Today in the Miami Herald, http://www.miamiherald.com/ one more problem is taking front page for South Florida condo owners. It seems that an increasing number of condo owners are not paying the association fee, this put the remaining owners in a very tight squeeze. In a very extreme case 90% of the owners are not paying their fees. This has caused the associations to cancel services, postpone maintance and in some cases drop insurance coverage.
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