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4 Cards in this Set
- Front
- Back
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Screening |
It's the determination whether an applicant for ownership or residency is acceptable to the board, based upon factors such as background check, criminal record, Financial history and Status etcetera |
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Screening are transfer fee for condos or co-ops |
If provided in the governing documents a condo or Co-op Association May charge a transfer fee of up to $100 for each adult screening in a sale, lease, transfer or conveyance of any kind. A husband and wife may be charged only a single fee of $100. No transfer fee may be charged on a renewal of a lease with the same Leesee. |
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Screening or transfer fee HOA |
The HOA Act is silent on transfer fees. an HOA may charge a transfer fee that is adopted by rule (fs 720 does not provide for screening fees) |
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Security deposit for condo or Co-op |
The association May charge a security deposit to a member to protect against damage to Common property caused by a Leesee. Security deposit may not exceed one month's rent. Security deposit must be placed in an escrow account maintained by association. Security deposits to Association must be handled in a similar manner to those received by the member, that is, they must be placed in a separate account, pursuant to FS 83 landlord tenant Act. FS 83 permits only a single month security rent to be charged to a Leesee |
