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My View: Florida estoppel bill would force owners in associations to pay fees for failed sales
2016-01-18 03:29:42| Real Estate - Topix.net
Last year, the Florida Legislature introduced a bill to increase the regulations and liabilities for the state's more than 46,000 community associations for their issuance of estoppel certificates, which are prepared by associations, their attorneys and property managers to provide the amount owed to an association for a unit as of a particular date. They are issued at the request of prospective buyers of units in communities, as the buyers as well as their lenders and closing agents rely on estoppels in order to bind the association to the stated amount.
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