In 2017, the Florida Legislature amended the community association statutes to formalize the estoppel certificate process and to establish the amount association were permitted to charge for providing the estoppel certificate. Prior to 2017, the statutes stated that associations could charge a fee for providing an estoppel certificate but did not specify the amount of such fee. Commencing in 2017, the fee for an estoppel certificate was capped at $250, with additional amounts permitted when the unit in question was delinquent or the estoppel certificate was requested on an expedited basis. Further, the legislature provided that every 5 years the Department of Business and Professional Regulation would adjust the amount of the permitted estoppel fees equal to the annual increases for the 5-year period in the Consumer Price Index.
On July 1, 2022, the Department published the updated estoppel fees which are now as follows:
Estoppel Certificate Request | Authorized Fee |
---|---|
Preparation and delivery of an estoppel certificate | Not more than $299 |
Estoppel certificate requested on an expedited basis and delivered within 3 business days | An additional $119 |
If the unit/parcel is delinquent to the association | An additional fee not to exceed $179 |
For multiple units/parcels owned by the same owner which are simultaneously requested from the same association, and there are no past due monetary obligations owed to the association, the total fee the association can charge may not exceed, in the aggregate | 25 of fewer units/parcels, $896
26 to 50 units/parcels, $1,194 51 to 100 units/parcels, $1,791 More than 100 units/parcels, $2,985 |
The Department of Business and Professional Regulation will next update the fees on July 1, 2027.
Originally posted on floridacondohoalawblog.com Written by James Robert Caves III of Becker & Poliakoff, P.A.,