A new Florida law implemented after the Surfside collapse has caused an increase in condo owners selling their units due to the financial strain of six-figure special assessments for repairs. The law mandates inspections for older buildings, leading to a significant impact on the condo market.
The amount of condominium terminations we are going to see over the next two years ↗️ #Miami #RealEstate https://t.co/Um0MGs7EHw
Florida condo owners ditching properties facing 6-figure assessments. New law requiring inspections on 30+ year old buildings responsible for change. @JulieChangRE
Florida Condo Owners Dump Units Over Six-Figure Special Assessments ht zh https://t.co/ZW02iQEB6X
Florida Condo Owners Dump Units Over Six-Figure Special Assessments https://t.co/ADdXCbjPXw
New #Florida law roils condo market three years after Surfside collapse https://t.co/aONc1gDBGh via @DeborahAcosta
A new Florida law after the Surfside collapse has led to more condo owners dumping their units on the market because they can’t afford six-figure special assessments for repairs https://t.co/VpcC8KdDza https://t.co/VpcC8KdDza
New #Florida #Law Roils Its #Condo Market Three Years After Surfside Collapse https://t.co/sM1l4UBRQk
New Florida Law Roils Its Condo Market Three Years After Surfside Collapse "More units are being dumped on the market because of six-figure special assessments tied to repairs for older buildings." https://t.co/F5iPi07Q9L
"New Florida Law Roils Its Condo Market Three Years After Surfside Collapse" via @WSJ https://t.co/rCZLqH8ELY
A new Florida law after the Surfside collapse has led to more condo owners dumping their units on the market because they can’t afford six-figure special assessments for repairs https://t.co/yKmCcO1U0r via @WSJ