Tenants in Florida Can Now Be Ordered to Pay HOA Fees!
Florida Landlords need to be aware of this new law whereby a Tenant can be ordered to pay HOA Fees directly to the management company and deduct it from their rent.
Read the article to see comments from the HOA person at Marsh Landing and President of May Management in Ponte Vedra. Thanks to Bryant for getting the word out.
Hi folks. As most of you know Florida has been hit very hard by the Real Estate bust. One of the biggest issues we have is Home Owner Associations (HOA) that are struggling to stay afloat due to so many owners not paying their HOA Fees.
Tutas Towne Realty works quite a bit with foreign investors and insolvent HOAs are a major issue. Communities built for vacation homes usually have HOAs that have high fees. When these fees aren't being paid the community is in dire straights. Community pools cannot be serviced. Lawns are not mowed. Group insurance policies get canceled. And of course these service people are experiencing a loss of income because of it. It's a nightmare for the HOA, property owners, buyers, agents and lenders.
To try and help these HOAs Florida passed a new law that went into effect July 1st. Check it out......
- PONTE VEDRA BEACH, Fla. – July 19, 2010 – Under a new Florida law, homeowner association boards can go after renters for association fees when the homeowners fail to pay up. READ THE ARTICLE HERE
Foreclosures, short sales and distressed sellers are hurting the economy in many ways. Things are going to get far worse before they get better in Florida. That's a fact. Whether you believe it or not...it's still true. What say you?
Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.
Want to find out more? www.CentralFloridaShortSales.com
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