As featured in Hi-Riser, Matt Zifrony, a real estate attorney for Tripp Scott, which represents many condominium and HOA's- (homeowners associations), said the most important consideration for the community associations this year will be their financial health.

Zifrony said associations typically calculate their budgets based on the revenue they received the previous year. But now that they have the power to collect fees from delinquent owners, associations could find themselves with more revenue than expected.

"There may be extra revenue coming into these associations this year that wasn't there last year," he said, "and I think it will go a long way in helping the associations from a financial standpoint."

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