Condo owner blindsided by $7.1 million assessment bill in Florida
- John DuBois is responsible for over $153,000 following a $7.1 million special assessment by his condo association.
- The assessment was approved to fund repairs and has been under consideration for three years, linked to stricter building laws after a significant collapse in 2021.
- DuBois considers contesting the assessment, feels overwhelmed by the unexpected costs, and is weighing his options to avoid foreclosure.
In Miami, Florida, John DuBois, a Coconut Grove condo owner, is facing a significant financial burden after his condo association approved a $7.1 million special assessment to cover extensive repairs. DuBois, who has owned his unit at The Cloisters on the Bay for over two decades, is now responsible for paying more than $153,000 of this total within a tight two-week deadline. Despite currently renting out the property, he finds himself scrambling for the funds to meet this unexpected expense. The special assessment was in response to necessary repairs necessitated by stricter building laws implemented post-Surfside condominium collapse in 2021, which aimed at improving safety in older buildings across Florida. According to the association, the special assessment proposal had been under study for three years, with consultations from engineers, attorneys, and other professionals to ensure the financial decision was managed correctly. However, DuBois expressed disbelief that such a high amount would be approved, feeling as though the board's decision was irresponsible. Erik Perez, an attorney specializing in homeowners' associations and condominium law, stated that homeowners have limited recourse against special assessments unless there were procedural errors in the board's decision-making process. He indicated that while many boards may be well-intended, the potential for excessive spending exists when members lack checks and balances. DuBois’s case exemplifies the challenges condo owners confront, especially in the aftermath of legislative changes aimed at improving building safety. John DuBois now grapples with feelings of injustice, believing that the situation he faces is a consequence of broader issues affecting condo owners throughout Florida. While he hopes to contest the special assessment, he acknowledges the risk of foreclosure if he fails to pay. Given the pressing timeline to gather the necessary funds, DuBois is also considering requesting an extension to alleviate some of the immediate financial pressure. The approval of the special assessment reflects the evolving landscape of condo regulations in Florida as authorities seek to enhance safety standards following tragic events like the Surfside collapse.