The Real Deal Miami

After Lauderhill condo burns, residents call for investigation into maintenance fees

June 28, 2010 05:00PM

Residents of Park South Six — a Lauderhill condominium that suffered a fire in May — are wondering where their maintenance fees went if not for a property insurance policy for the building. Owners of the 30 units in the three-story building, many of whom are stranded or staying with relatives in the wake of the fire, only discovered afterwards that their building lacked insurance coverage, despite it being required by law. Now, some are talking about suing the condominium association board or calling for an investigation into what happened to the monthly assessments they paid. One-bedroom owners paid $149 per month; owners of larger units paid upwards of $200 monthly. Meanwhile, there’s little the state can do to help. Though insurers are required to inform lenders for individual condo units when a board cancels its master insurance policy, that often doesn’t happen, and associations are not required to report their insurance status to the state. [Sun Sentinel]