Frequently Asked Question
Quick Answer
Yes — special assessments attach to whoever owns the unit when the assessment is levied, not the previous owner, and there's no rule protecting a recent buyer. This is why reviewing the reserve study, funding percentage, and recent board minutes before closing matters more in Florida condo purchases than almost anywhere else in the country.
Yes — special assessments attach to whoever owns the unit when the assessment is levied, not the previous owner, and there's no rule protecting a recent buyer. This is why reviewing the reserve study, funding percentage, and recent board minutes before closing matters more in Florida condo purchases than almost anywhere else in the country.
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