Yes, Estoppel Letters are Addressed by Statute

With so many other subjects related to condominium and homeowners’ associations consuming so much bandwidth these days, it was not surprising to learn that a community association client of mine was not aware that the Florida Statutes address in detail association estoppel letters. If your association’s board or directors or property manager has been completing fill-in-the-blank forms generated by title companies or closing agents and/or has been sending account ledgers to persons involved in real estate transactions in lieu of more nuanced financial disclosures, then this article is for you. It is important to note that this article does not address what is commonly referred to as “lender questionnaires”. Lender questionnaires were addressed in a previous CUP article.