---
title: Condo association is weighed down with financial burden
description: Florida condo association is under pressure with financial burdens after assessments.
---

[Condo Q&A ](https://www.condoassociation.com/blog)

# [Condo association is weighed down with financial burden](https://www.condoassociation.com/blog/tabid/19257/bid/34127/Condo-association-is-weighed-down-with-financial-burden.aspx)

 Written by [stephen polinsky](https://www.condoassociation.com/blog/author/stephen-polinsky) | Fri, Dec 24, 2010 @ 01:44 PM

Florida condo association with 182 units and 59 are in arrears 90 days plus. Our [bylaws](https://www.condoassociation.com/blog/tabid/19257/bid/12066/Making-amendments-to-condo-association-bylaws.aspx) state any owner 30 days past due voter rights are suspended until such a time as they become current in their payments. We are struggling to maintain the expenses and now have 40 year re-certification violations mandated by the county. Our owners are maxed out with trying to pay of the last [special assessment](https://www.condoassociation.com/blog/tabid/19257/bid/8267/About-Condo-Association-Special-Assessments.aspx) and our bank wants a personal guarantor in order to apply for a [condo association loan](https://www.condoassociation.com/blog/tabid/19257/bid/8267/About-Condo-Association-Special-Assessments.aspx), which we can not and not be willing to do. Any advise on where to go from here?

[View full post](https://www.condoassociation.com/blog/tabid/19257/bid/34127/Condo-association-is-weighed-down-with-financial-burden.aspx)

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