Florida condo owners fear losing their homes after being handed shocking $3.5M assessment

Like many owners of the apartment in Florida, the residents of Heron’s Buildings in West Kendall expected a special kind of assessment. The 40 -year rehabilitation examination is the result of new regulations for residential units in the state after the collapse of the fatal apartment 2021 in Surfside, Florida.

But when their assessment returned for $ 3.48 million, the population was interested.

While the serrated apartment building was likely to need some kind repairs, the huge mark has left a lot of anxiety about the loss of their homes.

“They are not against special evaluation,” said Maira Rodriguez, one of her residents on behalf of many homeowners in an interview with CBS News MIAMI. “They just say, why a lot?”

Those who have apartments know that some costs and maintenance responsibilities are outside the control of the population.

For example, this apartment needs repairs on the ceiling, building repair, waterproofing and other structural works. Until these are completed, buildings cannot be rehabilitated and the code violating it should be worthy of property. These repair costs are covered through the evaluation, which is divided between the number of units that the building contains so that each unit covers part of this total bill.

In this case, a rating of $ 3.48 million is spread across about 250 units. Heron’s residents have a choice between two different payment options: a 10 -year -old bank loan of approximately 154 dollars per unit per month or self -funded payments of more than $ 13200, driven either as a cut or divided into four quarterly payments of about 3300 dollars, starting from June.

In order for the apartment council to move forward with the option to pay bank loans, at least 66 % of the owners of the apartment must approve this procedure. With the vote yet, the residents are concerned about the ability to cover the cost on their own.

“This is $ 3300 every three months,” Rodriguez explained. “Most people here cannot bear it.”

Besides panic about the upcoming evaluation, the residents are frustrated with the absence of communication and transparency from the council. Malcon in the apartment complex already pays $ 260 per month as dues. But it is not clear on how to use this money.