Florida §718.116

Assessments; liability; lien and priority; interest; collection

Statute:
Florida §718.116 · Chapter 718 (Condominium Act)
Topic:
Assessments & Finance · Liens and collection
Applies to:
Condo associations

Establishes the association's lien for unpaid assessments, its priority versus mortgages, interest, and the safe harbor capping first mortgagee liability.

assessment; lien; priority; foreclosure; interest; safe harbor; mortgagee

📄 Read the official text at flsenate.gov →

How SoShiny helps with Assessments; liability; lien and priority; interest; collection

SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge.

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Related sections in Chapter 718

Frequently asked

What does Florida §718.116 require?
Establishes the association's lien for unpaid assessments, its priority versus mortgages, interest, and the safe harbor capping first mortgagee liability.
Who does Florida §718.116 apply to?
Florida §718.116 applies to Condo associations in Florida.
What happens if our condo doesn't comply with §718.116?
Non-compliance with Florida Chapter 718 can result in disputes filed with the Florida Department of Business and Professional Regulation (DBPR), Division of Florida Condominiums, Timeshares, and Mobile Homes — and may expose individual board members to personal liability in some circumstances. SoShiny's audit trail and documented workflows are designed to demonstrate compliance.
Where can I read the official text of Florida §718.116?
The official text is published by the Florida Legislature at flsenate.gov. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Assessments; liability; lien and priority; interest; collection?
SoShiny calculates per-unit assessments automatically from ownership percentages and tracks payment status against every levy. The unit-level ledger is the audit trail your CPA, attorney, and the board need when an owner disputes a charge. Learn more →

Not legal advice. This page is a plain-English summary of Florida §718.116 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Florida-licensed attorney. For the official statutory text, see the link above.

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