For most people, the decision to choose Miami Beach condos versus a traditional home has a lot to do with the extra perks that come along with a condo, in other words the amenities. Along with amenities however, there also comes the requirement of having to pay fees to the condo association.
Yesterday we discussed a major initiative by the state aimed at giving condo associations additional power and some degree of financial relief. One of the stipulations says that associations can ban residents from using the very things they probably chose a specific condo for: the amenities. Non essential items like a pool can become off limits if condo owners become delinquent on their maintenance or even the mortgages they may be paying to live in properties like Miami Beach condos. This new authority given to associations is already in effect.
While people who fall under this delinquent category may not like these new rules, it should be noted that owners cannot be banned from their own units or essential features such as a driveway. However, the next time you’re planning on soaking in the pool on a hot summer day, make sure you’ve paid all your bills or you may not be allowed in.