Plain English Breakdown
Checked against official source text during the last sync.
Homeowners' Association Fees
This bill requires homeowners’ associations operating more than two parcels to pay annual fees to the Division of Florida Condominiums, Timeshares, and Mobile Homes, imposes penalties for late payments, and restricts legal actions by delinquent associations.
What This Bill Does
- Requires each homeowners’ association that operates more than two residential parcels to pay an annual fee of $4 per parcel to the Division of Florida Condominiums, Timeshares, and Mobile Homes.
- Imposes a penalty of 10% on unpaid fees if they are not paid by March 1st each year.
- Deems associations delinquent and restricts their ability to take legal action in state courts until all fees and penalties are paid.
- Deposits collected fees into the Division of Florida Condominiums, Timeshares, and Mobile Homes Trust Fund.
Who It Names or Affects
- Homeowners’ associations operating more than two residential parcels.
Terms To Know
- Delinquent
- A status given to an association that has not paid its required fees and penalties on time, limiting its legal rights.
- Standing
- The right of a party to bring a lawsuit or participate in a court case. Delinquent associations lose this right until they pay their fees and penalties.
Limits and Unknowns
- This bill will take effect on the same date as SB 906 if it is passed during the same legislative session.
- The exact amount of the annual fee may change based on future legislation or amendments.