BACK TO HOAs THIS WEEK
Eric Glazer, Esq.
Published August 22, 2022
It seems that for week after week we have been blogging about
condominiums for the obvious reason that condo laws have
undergone an absolutely dramatic change this year. Not only is
the change dramatic, but it will no doubt lead to foreclosures
of countless units when unit owners cannot pay the special
assessments necessary for Phase One Inspections, Phase Two
Inspections, numerous costly repairs and the full funding of
So, what is there to really say about HOAs this week? How about
this? Despite what you may feel about your specific HOA, all
owners of homes located in HOAs are pretty lucky. The new
inspection laws only apply to buildings 3 stories and higher, so
your single family home is off the radar.
I donít doubt for a second that over the next two years, as
condo owners begin to realize what theyíre in for financially,
they will start searching for homes located in HOAs, especially
owners who are retired and on fixed incomes. Townhome
condominiums under 3 stories will also be sought after. If Iím
right, there wonít be nearly enough single family homes and
townhomes to accommodate the rush of fleeing condo owners.
These homes will no doubt be going for a premium.
I know that those of you who live in an HOA and are responsible
for your own roof think that HOA owners took it on the chin as
well with the tremendous rise in insurance rates. Understand
that condo owners have gone through the same massive insurance
price increases, in addition to every other expense that they
have on their way.
For those of you who live in condominiums that are three stories
or more, please tell us you plan. Do you intend to ride out the
wave and see what happens? Or, will you be pro-active and move
out of your condo before all of the bills come due? Are any of
you lucky enough to live in a condominium that has already
undergone a 30 or 40 year inspection, made all the necessary
repairs and are already fully funding your reserve accounts? If
so, I can assure you that you are in the minority.
HOA & Condo Blog
Eric Glazer graduated
from the University of Miami School of Law in 1992 after
receiving a B.A. from NYU. He has practiced community
association law for three decades and is the owner of
Glazer and Sachs, P.A. a five attorney law firm with
offices in Fort Lauderdale and Orlando.
Eric is Board Certified by The Florida Bar in
Condominium and Planned Development Law.
Since 2009, Eric has been the host of Condo Craze
and HOAs, a weekly one hour radio show that airs at 11:00 a.m.
each Sunday on 850 WFTL.
Eric is the first attorney in the State of
Florida that designed a course that certifies condominium and
HOA residents as eligible to serve on a Board of Directors and
has now certified more than 20,000 Floridians all across the
state. He is certified as a Circuit Court Mediator by The
Florida Supreme Court and has mediated dozens of disputes
between associations and unit owners. Eric also devotes
significant time to advancing legislation in the best interest
of Florida community association members.