FLORIDA – Condo boards ‘fatten coffers’ with illegal fees. Residents just won a class-action settlement.
Miami Herald: Condo boards ‘fatten coffers’ with illegal fees. Residents just won a class-action settlement.
By Rene Rodriguez and Nicholas NehamasSeptember 20, 2019
In a move that could have implications for thousands of Miami-Dade County residents and cost the local real estate industry millions of dollars, a Brickell condominium association accused of charging residents inflated fees in violation of state law has agreed to pay up to $300,000 to settle a class-action lawsuit.The lawsuit, filed by Joshua and Allison Kobasky, argued that The Plaza 851 Brickell Condominium Association had ripped them off, as well as hundreds of others, by charging mandatory, non-refundable “transfer” fees greater than $100 when they applied to lease a unit and move in. The Florida Condominium Act prohibits associations from charging fees greater than $100 per person or married couple in connection with the sale, lease or transfer of a condo unit. Read more: https://www.miamiherald.com/news/business/real-estate-news/article234887852.html