Shellpoint Mortgage Foreclosure List, Shellpoint Mortgage Foreclosure List, Articles F

2. The deposit must not exceed the equivalent of one month's rent and be placed into an escrow account which the Association is responsible for maintaining. An overview of florida condominium association collections of past due maintenance fees. The reason for disapproval must also meet the requirements of statutes. Ownership of Condominium Website Get an email notification whenever someone contributes to the discussion. However, an associations board is not necessarily free to approve or disapprove prospective purchasers and tenants merely because the authority to do so appears in the associations governing documents. In that case, the purchaser was African American and established that he was denied approval because of his race. 2021 Legislative Update for Florida Condominium Associations A: Florida law supports the right of a condominium association or homeowners' association to review and approve prospective leases and tenants. Anyone wishing to rent a condominium must complete the Association's "Background Consent Form" and submit same to the Association for completion of a background check, at the owner's or prospective tenant's expense. In addition, it is imperative for associations to base their decisions on legitimate factors as provided within the policies set forth in their governing documents, including but not limited to matters such as credit worthiness, evictions, criminal records, interviews with past landlords, and others. When an association fails to do so, the result can be an expensive education for the Board of Directors and owners. Speak to a real estate attorney! Before this new legislation, the only limit on rental restrictions in the Florida Statutes, which pertained to community associations, related to condominium associations; there was no such limitation for homeowners associations. By: Christopher L. Pope, Esq., Board Certified by the Florida Bar in both Construction Law and Condominium and Planned Development Law. Condominium associations only have the authority to impose this additional security deposit requirement on a tenant if the authority is so given in the Declaration.