Relief for Condo Buyers? A Warranty Could Ease the Pain of Special Assessments

Miami Herald, Aug. 7, 2025-Lew Sichelman

Tens of thousands, if not hundreds of thousands, of condo units are languishing on the market these days, and not just because high interest rates and high prices are combining to keep away would-be buyers. Some buyers are being scared off by the possibility they’ll be hit with a special assessment: an obligation to pay for repairing or replacing things in need of attention long before they moved in.

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