Florida S0908 mandates annual fees for homeowners' associations operating more than two parcels, with penalties for non-payment and a contingent.

Florida S0908 requires homeowners' associations managing more than two parcels to pay an annual fee of $4 per residential parcel to the Division of Florida Condominiums, Timeshares, and Mobile Homes. Failure to pay by March 1 results in a 10% penalty on the due amount. Until the fee and penalty are paid, the association is considered delinquent and loses standing to defend actions in state courts. All collected fees must be deposited into the Division of Florida Condominiums, Timeshares, and Mobile Homes Trust Fund.

Florida S0908 mandates annual fees for homeowners' associations operating more than two parcels, with penalties for non-payment and a contingent.

Florida S0908 requires homeowners' associations managing more than two parcels to pay an annual fee of $4 per residential parcel to the Division of Florida Condominiums, Timeshares, and Mobile Homes. Failure to pay by March 1 results in a 10% penalty on the due amount. Until the fee and penalty are paid, the association is considered delinquent and loses standing to defend actions in state courts. All collected fees must be deposited into the Division of Florida Condominiums, Timeshares, and Mobile Homes Trust Fund.