How To Deal With A Bad Homeowners Association

CondoThe real estate market of Downtown Miami in Florida has experienced consistently high growth figures, for the past several years, these growth figures have consistently hovered around double digit figures. Avoid buying in a building with rock-bottom condo fees. The time consuming need to maintain a detached home and its surrounding property is removed from the condo experience. If a building is being converted to a condominium from another use, the declarant (developer) needs to prepare and submit a reserve fund study, regardless of the number of units.

As a tenant of the condo, you’ll have to pay monthly HOA fees for the upkeep of the common areas of the community and the exterior of the complex, along with any amenity fees such as the concierge services. However, you will also have to pay property taxes on your condo unit.

The association is elected by the owners of condominiums and …