FLORIDA SAFE HARBOR LAW – CONDOMINIUM ASSESSMENTS
By: Jacqueline A. Salcines, Esq.
Often times, when acquiring title to real estate property by virtue of a Homeowners Association foreclosure or a bank foreclosure, the new title holder is slapped with a bill from the condominium association or homeowners association, wanting to charge them for amounts due, including attorneys fees and costs, relating to the prior owner. Florida has a “safe harbor” law, or a law that protects the title holder from being slapped with these exasperating amounts. The Florida Safe Harbor law is Florida Statutes §718.116 and states, in pertinent part, as follows:
718.116 Assessments; liability; lien and priority; interest; collection.—
About the Author:
Jacqueline A. Salcines, Esq is the Owner and Managing Partner of the Law Offices of Jacqueline A. Salcines, P.A. Real Estate and Business Law Litigation Group. With over 17 years experience as a real estate lawyer, including holding a dual degree in Accounting, her broad knowledge of real estate law serves to aggressively protect and defend our firm’s clients.
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JACQUELINE A. SALCINES, ESQ.
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CORAL GABLES, FL 33146
TEL. 305 669 5280