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It's a condo conundrum
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Published: May 16, 2009
TAMPA - Thousands of Bay area condo owners are forking over extra cash each month to cover for neighbors who aren't paying.
As the area continues to endure the effects of the worst economic downturn since the Great Depression, condominium boards are struggling with what to do, said Robert White, managing director of Coral Gables-based KW Property Management & Consulting, which manages several area condos.
The firm is holding a free seminar from 9 a.m. to noon Tuesday at Ruth Eckerd Hall in Clearwater to discuss this and other issues facing condo boards.
Condo association fees typically are due monthly and cover water, cable, landscaping and maintenance fees, among other things. An association's bills are based on all the owners paying their dues; when some don't, everyone else has to pay more to cover them.
For information on the seminar, call (727) 938-5426.
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