The Real Deal Miami

Condo converter to hand over units

September 09, 2009 02:23PM

Developer Robert Wolfarth, who ran afoul of the Village at Dadeland Condo Association by renting out units but not paying common charges and association fees, was ordered to turn 15 units over to the association and square up $11,700 in back rent. The legal measure is a somewhat new approach being used by condo associations that are grappling with widespread financial woes amid high rates of foreclosure. Blanket receiverships are now considered one of the surest ways for associations to collect past due fees, since tenants and landlords who do not remit rent payments to the receiver can be found in contempt of court and face jail time, fines and other penalties.