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Condo safety: Of the older buildings due for checkups last year, only one in five certified safe (FL)

A Sun Sentinel analysis shows just how far behind Broward County cities fell on their condo safety checks in the year before the Surfside collapse.  In its first-ever audit of its 2006 building recertification law, Broward County collected data on condominiums six stories and taller turning 40 or 50 years old in 2020. The law requires buildings to be recertified 40 years after they were built, and every 10 years after that.   Read the entire article……………………………….

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Buildings, Florida Condo & HOA News, https://communityassociations.net/category/fl_news/feed/, National Condo & HOA News

Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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