With all the changes to condo buying, since the tragedy in Surfside, there's a lot of attention being paid to special assessments.
If you and your agent are not careful when you're filling out the paperwork when you're buying or selling a condo, it can really come back to bite you.
In this video, I'm gonna go over some of the new changes regarding special assessments. This is a pretty technical video, so I apologize in advance for the legal terms and nuances, but it's really important stuff.
The contracts and addendums of the standard contract that realtors use in Florida mention special assessments in various places. However, one place tends to cause the most confusion.
That's Paragraph 3 of the condo rider, which is entitled Fees,…
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