A plan for post-Surfside condo law reform
Imagine checking into a hotel tomorrow. You are greeted at the front desk and, after a night’s stay, at checkout, you are presented with a bill that is $100,000 more than the standard room charge of $100 per night you were advised of prior to check-in. When you dispute the bill, the hotel manager explains by stating, yes, you did receive the same room that the hotel used to charge $100 a night for, but for the last 10 to 15 years, the hotel has had guests stay in that room [and all its other rooms at the hotel] at the rate of $100 per night, and the owners just learned they would need to invest funds to renovate your room and all the other hotel rooms next month due to 10 to 15 years of significant wear and tear. You were just unlucky in that you checked in when the renovation bill came due today.