QUESTION
Commingling of HOA Funds in a Florida HOA
Asked on Nov 15th, 2023 on Residential Real Estate - Florida
More details to this question:
My HOA property manager has commingled my monthly maintenance fees with a special assessment fee. Shouldn't this be prohibited as I pay my Maintenance fee 3 months in advance? My maintenance fee for the 4th quarter 2023 was paid on Sept,17th and then applied to the Special Assessment fee prior to the assessment fee being due on December 01st. Isn't this wrong? No action has been taken, no paperwork prepared, just need an answer to my question. Basing my question on the new HOA law (FS 720) effective October 1, 2023, under Commingling of Funds.
1 ANSWER
Criminal Defense Attorney serving Raleigh, NC
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Thank you for reaching out.
We can only practice within North Carolina and can not provide answers for out of state inquires.
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Kurtz & Blum
Answered on Nov 15th, 2023 at 1:51 PM