Can Condominium Assessments Be Collected Annually?
Q: I am on the board of my condominium association, and we are working on our budget for the next fiscal year. Our condominium is located within a larger community that has a master association. The master association assessments are paid in one payment due in January. The board of my condominium association is considering also requiring that the condominium assessments be paid once in January as well to make our accounting easier. Is this permitted for a condominium association? (M.R., via e-mail)
The post Can Condominium Assessments Be Collected Annually? first appeared on Florida Condo & HOA Law Blog.
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