The association's official payoff statement: required at closing in any HOA or condo sale.
The certificate states the account status as of a date: the regular assessment amount and frequency, paid-through date, any delinquency, open special assessments (a critical item in the condo market right now), capital contributions or transfer fees due from the parties, and approval requirements. Because it is binding, a buyer who closes in reliance on it generally can't later be billed for seller-era amounts it omitted.
Florida statute sets a response deadline once an estoppel is properly requested and caps the fee associations (or their managers) may charge, with an additional capped amount for expedited requests and for delinquent accounts. The amounts are adjusted over time — the current caps are published by DBPR; the closing agent handles the request mechanics.
The estoppel is where an under-disclosed special assessment surfaces before it becomes the buyer's debt. Read it alongside the association's budget and, for condos, the structural documents — our condo special-assessments guide covers the six documents that tell the real story.
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