Quote:
Originally Posted by GizmoWhiskers
I'm kind of confused as to how a condo owner is going to replace rebar on a building that is deemed to be old and unsafe? How does one spend their $100k new fees to fix a portion or all of the building? Or is it a demolish the building and one agrees to pay $100k for their new condo?? Makes no sense to me. If you buy a delapidated 50 year old condo what happened to "buyer beware" and inspections?
What does the $100k do for condo owners?
|
We were more fortunate with our Clearwater property. We were billed 11,200 but were told it was a one time charge to have the necessary funds in our HOA as required by the state. Hey, it was a lot less than our bond in the villages.