Florida Senate - 2012 SB 706 By Senator Smith 29-00713-12 2012706__ 1 A bill to be entitled 2 An act relating to condominiums; amending s. 718.115, 3 F.S.; prohibiting the share of common expenses of a 4 unit in a condominium which is in foreclosure from 5 being assessed against other units in the condominium; 6 providing an effective date. 7 8 Be It Enacted by the Legislature of the State of Florida: 9 10 Section 1. Subsection (2) of section 718.115, Florida 11 Statutes, is amended to read: 12 718.115 Common expenses and common surplus.— 13 (2) Except as otherwise provided by this chapter, funds for 14 payment of the common expenses of a condominium shall be 15 collected by assessments against the units in that condominium 16 in the proportions or percentages provided in that condominium’s 17 declaration. In a residential condominium, or mixed-use 18 condominium created after January 1, 1996, each unit’s share of 19 the common expenses of the condominium and common surplus of the 20 condominium shall be the same as the unit’s appurtenant 21 ownership interest in the common elements. The share of the 22 common expenses of a unit in the condominium which is in 23 foreclosure may not be assessed against other units in the 24 condominium. 25 Section 2. This act shall take effect July 1, 2012.