Fla. Stat. § 718.116

Assessments; liability; lien and priority; interest; collection

assessmentslienscollectionfinancial

Plain-English summary

How assessments work: liability for assessments runs with the unit (joint and several with prior owners for delinquent amounts subject to limits), the lien arising automatically, recording of claims of lien, statutory interest, late fees, and the foreclosure path when assessments go unpaid. This is the collection playbook for every Florida condo association.

Not legal advice. Click through to the official source for statutory text.

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