Although the payment of assessments could be deemed both a statutory obligation and an obligation under written contract (the declaration of condominium), it is my sense that the five-year statute of limitations would apply.
Floridians Must be Aware of Major Impacts of SB 408 including: Changes to Citizens Property Insurance; The Imposition of New/Restricted Time Limitations for Hurricane & Sinkhole Claims; Granting Carriers Permission to Withhold Partial Payment of Insurance Proceeds; and Rate Change Procedures, Obligations of Public Adjusters, Changes in Notices of Cancellation or Terms of Coverage and much more… Continue Reading
One of the most important issues for any legal claim is the statute of limitations, and claims for construction defects are no different. The statute of limitations is the time frame within which a lawsuit must be filed in order to have any recovery against the party or parties responsible for the damage. This is especially important… Continue Reading