Florida- Gov.Crist Signs bill to aid condo owners

Senate Bill 1196 has quite a few changes geared towards benefiting condo associations and it’s responsible owners. It gives condo associations the power to collect rent from tenants/renters of homeowners who lease their units in order to satisfy any unpaid fees. Associations will be able to suspend the use of recreational facilities if association fees are more than 90 days past due.

Below are a few quotes from Gov. Christ and a few tips if you are a potential renter/tenant on how to protect yourself from inheriting the homeowners debt.

“This legislation does one very, simple, smart thing,” Crist said. “It empowers the residents of condominiums throughout the state of Florida.”

“Condominium and neighborhood residents will now find relief from practices that have threatened the quality of life of communities throughout the Sunshine State,” Governor Crist said. “Those seeking condominiums located on our beautiful beaches or in our vibrant cities will find great values and new reasons to buy.”

To View the text of the bill

http://www.flsenate.gov/session/index.cfm?Mode=Bills&SubMenu=1&BI_Mode=ViewBillInfo&BillNum=1196&Year=2010&Chamber=Senate#BillText

Few tips to consider before signing the lease:

1. Is the property in the process of being foreclosed by the bank or association?
2. Ask the potential landlord “Are there any outstanding fees owed to the association?”
3. Can they provide you with the contact information for the Association to confirm?
4. Check your local Property Appraiser and Comptroller websites to see if the property is listed for foreclosure.
5. Google(Search) the address to see if it’s listed on other sites with conflicting information.

*HOA Review.com-Legal Disclaimer: The material on this blog is provided for informational and educational purposes only and should not be construed as legal advice . This blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.