Blog

Synergistic CAM Blog

News, Articles and Tips

What Does an Inaccurate Estoppel Certificate Cost a Florida HOA?

What Does an Inaccurate Estoppel Certificate Cost a Florida HOA?

An inaccurate estoppel certificate can cost a Florida Homeowners Association (HOA) every dollar the certificate left out. Once a buyer or lender relies on it in good faith, the association loses the right to collect the missing amount from them. The Licensed Community Association Manager (LCAM) is the person who pulls the owner’s ledger, checks it against the current Association documents and policies, and gets the certificate out the door on time. Highlights An estoppel certificate is the association’s signed statement of what a parcel owner owes and whether open violations or transfer...

read more