Florida Senate - 2012                                     SB 706
       By Senator Smith
       29-00713-12                                            2012706__
    1                        A bill to be entitled                      
    2         An act relating to condominiums; amending s. 718.115,
    3         F.S.; prohibiting the share of common expenses of a
    4         unit in a condominium which is in foreclosure from
    5         being assessed against other units in the condominium;
    6         providing an effective date.
    8  Be It Enacted by the Legislature of the State of Florida:
   10         Section 1. Subsection (2) of section 718.115, Florida
   11  Statutes, is amended to read:
   12         718.115 Common expenses and common surplus.—
   13         (2) Except as otherwise provided by this chapter, funds for
   14  payment of the common expenses of a condominium shall be
   15  collected by assessments against the units in that condominium
   16  in the proportions or percentages provided in that condominium’s
   17  declaration. In a residential condominium, or mixed-use
   18  condominium created after January 1, 1996, each unit’s share of
   19  the common expenses of the condominium and common surplus of the
   20  condominium shall be the same as the unit’s appurtenant
   21  ownership interest in the common elements. The share of the
   22  common expenses of a unit in the condominium which is in
   23  foreclosure may not be assessed against other units in the
   24  condominium.
   25         Section 2. This act shall take effect July 1, 2012.