New Condominium, Homeowners, and Cooperative Association Law
Effective July 1, 2017, new rules govern condominium, homeowners and cooperative associations in how they must receive and respond to requests for estoppels certificates. Associations will now have a cap on their fees for generating an estoppel certificate. The fee shall now only be $250.00 for certificates after July 1, 2017 and this may only be adjusted every 5 years in accordance of the Consumer Price Index. Nonetheless, associations may charge an additional $100.00 for an