FINALLY A BILL TO PREVENT YOUR MONEY FROM GETTING STOLEN
Eric Glazer, Esq.
Published March 25, 2019
As many of
you already know, each owner of a condominium unit pays $4.00
per year to the Department of Business and Professional
Regulation, Division of Condominiums, Timeshares and Mobile
Homes. The money is supposed to be spent helping to regulate
and provide services to condominium unit owners throughout our
Each year, because the money is not spent, there is a huge
surplus, often to the tune of millions of dollars. Instead of
the money remaining in a fund set aside for the condominium unit
owners, this “Trust Fund” gets swept into the general fund and
is used for any purpose The Florida Legislature wants to use it
for. Make no mistake about it, condominium unit owners are in
effect being extra taxed. Sure, it’s only $4.00 per year.
However, when you think about the number of condominium units
throughout the state, you can understand how staggering the
number actually is.
Year after year we have heard legislators act surprised and
shocked to learn that this was actually happening to condo
owners. Many have promised to put an end to this shenanigans.
This year, House Bill 1259 was filed by Representative Fernandez
and it seeks to prevent The Florida Legislature from raiding
these funds that should remain in the Trust Fund and should be
spent only on those condominium unit owners who contributed. I
know this…..if I take funds from my law firm’s trust account
that don’t belong to me, I get disbarred and face a prison
term. Why should The Florida Legislature be allowed to take the
$4,00 from a trust fund that was paid into by condo unit owners
and spend it on non condo owners?
This bill is long overdue and is worthy of your support.
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 more than 2
decades and is the owner of Glazer
and Associates, P.A. a seven attorney law firm with offices in
Fort Lauderdale and Orlando and satellite offices in Naples,
Fort Myers and Tampa.
Since 2009, Eric has been the host
of Condo Craze and HOAs, a weekly one hour radio show that airs
at noon each Sunday on 850 WFTL.
He is the first attorney in the
State of Florida that designed a course that certifies
condominium residents as eligible to serve on a condominium
Board of Directors and has now certified more than 10,000
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.