WPBN: If you own a condo in Florida or are thinking about purchasing one, you are likely already aware that the Surfside condo collapse in 2021 prompted stricter regulations and more regular inspections, which occasionally necessitate expensive repairs and special assessments.
Condo owners in Florida have been slammed with five- or six-figure assessments. And now, a $21 million assessment has been imposed on Miami apartment owners.
What’s Going On In Brickell That Caused This Evaluation?
Following an inspection, engineering firms in Miami have recommended safety measures for the 16-year-old condos located at 1060 Brickell Avenue.
Condo owners were given the opportunity to inspect damaged areas and judge the extent of repairs prior to the board finalizing the expensive charge, attorney Marc Halpern told 6 South Florida.
“Engineering firms have come in and done the inspections and the board is following those recommendations.”
Condo owners will reportedly have to pay between $30,000 and $110,000 per unit for the $21 million assessment.
Deadline for Condo Assessments: Why Many Residents Might Be Pushed Out?
Other Residents Hold a Different View
According to other residents, a $21 million assessment is exorbitant and goes beyond the engineering guidelines. Evan Cohen, the unit owner, for instance, clarified:
“The report actually doesn’t use any of the same terms that the board used – ‘critical,’ ‘life-threatening.’ None of these terms are even used in the report. The report says things…are normal wear and tear for a building that is 15-16 years old now.”
According to reports, there is also some misunderstanding regarding the election of a new board. Attorney Halpern thinks the election has been rescheduled, but some locals think it has already happened.
