Florida Community Association Manager Practice Exam

If there are delinquent fees, what is the maximum amount an estoppel can charge?

1. $100

2. $150

3. $200

4. $250

The correct answer is: $150

The maximum amount an estoppel certificate can charge for delinquent fees is established by Florida law, specifically in the context of community associations. Under Florida Statutes, the fee that can be charged for providing an estoppel certificate is capped, and this amount has been set to a maximum of $150. This fee pertains to the cost associated with preparing and issuing the estoppel certificate, which is an important document that outlines the financial standing of an owner within a community association, including any outstanding dues or fees. The purpose of limiting the charge is to promote fairness and accessibility, ensuring that owners are not unduly burdened by excessive fees when seeking to settle or clarify their financial obligations. The other amounts listed are higher than the legally permissible charge, which is why they do not represent the correct answer in this context. Understanding these regulations helps community association managers adhere to legal standards and provides them with a framework to assist homeowners effectively.