Co-Founder Erik Perez Featured on WESH 2 Discussing New Florida Condo Rating System

Co-founder Erik Perez of Perez Mayoral, P.A. was featured on WESH 2 News discussing a new rating system designed to help Florida buyers evaluate condominium associations before purchasing a unit.

The system assesses associations based on important factors such as financial health, insurance coverage, governance, and structural condition. It is intended to give prospective buyers greater transparency into a condominium community and the potential financial or structural risks they could inherit after purchasing.

Erik explained that the rating system could serve as a useful tool for both prospective buyers and current condominium owners. Greater access to this information may help consumers identify potential concerns, including inadequate reserves, insufficient insurance, deferred maintenance, and the possibility of future special assessments.

The WESH 2 feature highlights why buyers should carefully review an association’s governing documents, financial records, inspection reports, insurance information, and history of special assessments before closing on a condominium property. For buyers considering a condominium purchase, a Bonita Springs, FL condo lawyer can help review association documents and identify potential legal or financial concerns before closing.

At Perez Mayoral, P.A., we represent homeowners and condominium unit owners throughout Florida in disputes with HOAs and condominium associations.

Read the full WESH 2 feature: New rating system to help Florida buyers compare associations