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Condo Owners Face Special Assessments After Florida Reserve Deadline

Florida condo owners face special assessments after the reserve study deadline. Learn what boards can charge and how owners can challenge improper fees.

The end of Florida’s extended reserve study deadline is hitting individual condo owners directly, with large special assessments arriving across South Florida. For owners in older buildings, especially in areas like Coral Gables, the financial stakes are immediate: assessments can run into thousands of dollars per unit, and some may be improperly adopted or based on mismanaged funds. Because boards now have more flexibility to levy assessments or take out loans, owners need to understand their rights under their association’s governing documents. Legal challenges can succeed when associations fail to provide required notice, misuse reserve money, or selectively enforce rules. Knowing these rights early can mean the difference between paying an unlawful charge and fighting it. This news matters because it affects home affordability, property values, and the balance of power between condo owners and the boards that govern them.