I was recently contacted by a homeowner in a condo complex in Florida with a question that is probably all to common..."If I feel that the Monthly Maintenance Fee is too high (based on what it was when I moved in and the minimal Common Area assets we maintain) and if I only continue to pay the old MMF amount, what will happen?"Speaking generally, we must assume that these annual increases are calculated correctly and applied per the condo bylaws and rules. If not, that's a whole 'nother story!In my experience, a homeowner in a condo community is obligated to pay the full assessment as approved by the Board of Directors, even if they disagree. Should one only pay a partial amount (for example the old MMF amount), the difference will become a late payment and/or deficient amount. At that ...
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