What I've read so far is the tenants were the ones putting off the repairs for years due to the expense. Sold my Fl condo this spring at the top of the market for pretty the same reason. Rich morons who had no business being on a condo board blowing money on stupid stuff. We use to have $1 million reserve for things that would pop up like repairs or damage from a hurricane as examples. Well a bunch of women owners saw that reserve money as shopping money not as emergency fund, maintenance or repair money but as Decorating money they could spend. They tried for years to get their hands on it and were told to sit down and shut up. Well as years went by they got their wimp husbands on the condo association board and now had access to that money. They went on a spending spree and put off the routine maintenance so they could spend that additional money on new decoration projects. Come 2017, a hurricane rolls through and we get some damage in the building with electrical for the elevators, pool and the cooling system. Our deductible is $500,000 with our insurance company to keep the cost down. Guess what we find out, these idiot women through their husbands blew through over $500K with all their decoration and building beautification projects. They had hid what the real costs of these projects, to cover their asses. They were quickly removed from the board but the damage was already done.. This BS cost each owner over $35,000 in assessments between 2018-2020. Remember where I told you about how they deferred maintenance on the building, well the chickens have now come home to roost? Because of this deferred maintenance for the last number of years there are going to be an additional $10K assessments for at least the next three years over and above the $4,000 quarterly condo fees, plus yearly insurance premium of around $1000 per unit on the building on top of the $1200 I was paying for liability insurance for my condo. Those residents of Surfside were probably looking at having to spend an additional $20K per condo for two or three years to pay for the repairs on that building. From what I've read I understand they balked at paying their share of the needed repairs. Well they died for their stupidity, because they were squeezing every penny until it screamed.