New Law will Protect Condo Association if Owner Defaults
June 30th, 2010 categories: General RE Info, Rentals
Hundreds of New Laws will take in effect Tomorrow July 1st.
As we have seen happening over the last few years many Landlords collect rent but don’t pay Condo Associations. This new Law grants them the right to collect the dues directly from the Tenants or they can be evicted.
It is a great resource for Associations as a way to protect other homeowners from being responsible to pay Special Assessments to cover pass due fees.
As read in the Sun-Sentinel Article:
“Condo renters (SB 1196):
Changes: Homeowners associations can evict a renter if their landlord isn’t paying the condo or association fees.
Impact: Many condo owners, particularly investment owners, are in foreclosure and not paying association fees, but still collecting rent checks from their tenants. This law could put renters on the hook to pay the fees or face eviction.”
If you are interested in renting or listing for rent Real Estate in WESTON, please call me at (954) 588-7260 or contact me.
