HB 713

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

CODING: Words stricken are deletions; words underlined are additions.