FLORIDA – South Florida condo boards rip off consumers with high application fees
Article Courtesy of The Miami Herald
Published June 6, 2016
Condo associations across South Florida are ripping off consumers with high application fees in violation of state law, a Miami Herald investigation has found.
Associations are allowed to charge people applying to buy or rent a unit a maximum of $100 per person. The nonrefundable fees cover the costs of interviews, background and credit checks. But many buildings gouge tenants and buyers with fees anywhere between $125 and $625, according to lease and purchase applications reviewed by the Herald. Read more: