Happy August! Did you know? Every 5 Years the Department of Business and Professional Regulation (DBPR) is able to reaccess the fees that associations can charge for estoppels? We break it down for you, here! The Florida Department of Business and Professional Regulation (DBPR) has released the first five-year adjustment to Estoppel Certificate Fees. This is permitted under Section 718.116(8)(f), Florida Statutes, of the Condominium Act and Section 720.30851(6), Florida Statutes, of the Homeowners’ Association Act for the maximum amount an association, or its authorized agent, may charge for preparation and delivery of an estoppel certificate. [Source: JD Supra, July 27 2022]
Estoppel Certificate Request:
-The old authorized fee $250: the new authorized fee of no more than $299 can be charged for preparation and delivery of an estoppel certificate.
-Previously it was $100 for additional fee if requested on an expedited basis
(three business days) the new authorized fee is not to exceed $119
The old additional authorized fee if a delinquency exists was $150 now it is not to exceed $179
You can read more about the 2022 Estoppel Certificate fees adjustments, that can be accessed from the DBPR website here:
Dalton Wade is a real estate brokerage business disruptor, think of us like Uber, Amazon or AirB&B as a company who is thinking outside the traditional real estate brokerage box to deliver to you the “Real Estate Agent” better technology, leads, training and support at a fraction of the cost of what most brokerages charge their agents! We provide you with all the tools you need to function effectively in an ever-increasing digital real estate world. We are a 100% Commission Brokerage, with over 1,000 Florida based real estate agents. Our base package starts at $79/month & $79/transaction.