Homeowner and Condominium Estoppel Certificate Fees Increased
If a property is located within a homeowner’s or condominium association, we must secure an estoppel certificate to demonstrate that there are no past due fees or fines due by the seller. The certificate will also disclose if there are any violations of the association’s declaration or rules. Since July 1, 2017, fees for the preparation and delivery of estoppel certificates for condominiums, cooperatives and homeowners’ associations have been limited by sections 718.116, 719.108 and 720.30851, Florida Statutes. These statutes require the fees to be adjusted every five (5) years in an amount equal to the total of the annual increases for that five (5) year period in the Consumer Price Index for All Urban Consumers, U.S. City Average, All Items. The statutes further provide that the Department of Business and Professional Regulation (DBPR) shall periodically calculate the fees, rounded to the nearest dollar, and publish the amounts allowable.
Effective July 1, 2022, the fees are as follows:
The next update will be on July 1, 2027
Please note this article is for informational purposes only and should not be construed as legal advice. The facts and circumstances of each case, transaction, or matter can differ greatly. You should not use this information as a substitute for consulting with a licensed attorney. Barry L. Miller, P.A., and its attorneys, and staff, do not represent you unless you execute an engagement agreement with the Firm which confirms that representation.
Barry Miller Law is familiar with all aspects of real property law. If you, or someone you know, has legal questions concerning real estate, business or probate law, contact Barry Miller Law for assistance at 407-423-1700 or email us at info@BarryMillerLaw.com for a consultation.