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Under Fla. law, condo transfer fees can’t exceed $100, a limit that’s often ignored. However, that may change. A Miami condo board that charged $350 for screening and move in/move out fees has agreed to pay up to $300K to settle a class action lawsuit.
In many U.S. cities, the last vestiges of affordable housing are mobile home parks: Residents own the home and rent the land beneath it. But investors prize the land because they can buy it and raise rents, and it’s often a prime spot for developers who want to build housing.