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Nonresidential Condominium Bill Becomes Law

Last week Governor Rick Scott signed into law SB 440, which became Chapter 2014-14 of Florida Laws. This bill removes the requirements imposed on residential condominiums under the Florida Condominium Act regarding elections...more

6/18/2014 - Condominium Corporation Condominiums New Legislation Real Estate Development

Distressed Condominium Relief Act Gets Further Extension Of Life

An extension of the Distressed Condominium Relief Act has been approved by the legislature and is under review by Governor Rick Scott. Many were worried that the sunset of the Distressed Condominium Relief Act would prevent...more

5/20/2014 - Condominium Act Condominium Rules Condominiums Rick Scott

Editorial: A Relief For Florida Commercial Condos

Most provisions in the Florida Condominium Act (Chapter 718 of Florida Statutes) apply equally to residential and commercial condominiums. But anyone attempting to draft operating procedures for commercial condominiums can be...more

5/16/2014 - Condominium Act Condominium Associations Condominium Corporation Condominiums

Editorial: Pitfalls In Fla.'s Revised Condo Termination Statute

In 2007, the condominium termination statute (Section 718.117 of Florida Statutes) was completely rewritten to address problems with an aging condominium inventory and declarations that typically required 100 percent of unit...more

2/11/2014 - Condominiums Florida Real Estate Market Termination Clauses Title Insurance

Editorial: Fla.'s 'Safe Harbor' Most Litigators Are Not Familiar With

First mortgage lenders acquiring title to collateral consisting of condominium units or homes in a homeowners community are afforded protection against assessment liability under both the Florida Condominium Act (Chapter 718...more

11/19/2013 - Condominium Act Condominiums HOA Mortgages Safe Harbors

Condo Developers May Be Getting Relief From Washington

The House of Representatives of the U.S. Congress, in a surprising nonpartisan move, passed H.R. 2600 on September 26, 2013. This bill, submitted by New York Congresswoman Carolyn Maloney, exempts developers of condominiums...more

9/30/2013 - CFPB Condominiums ILSA Land Developers

Three Florida Homeowners And Condo Associations Bills Passed By The 2013 Legislature

Three condominium and homeowners bills were passed by the Florida legislature: House Bill 73, Senate Bill 120, and House Bill 7119....more

5/30/2013 - Board of Directors Condominiums HOA ILSA Proposed Legislation

Condominium And Homeowners Bills Enacted By The 2013 Florida Legislature

HB 73- Omnibus Legislation - This bill containing 74 pages is a "stripped down" version of a bill which passed the House last year but failed to obtain Senate approval. It contains a potpourri of changes to the...more

5/14/2013 - Condominium Act Condominiums Homeowners' Association New Legislation Real Estate Development

Miami-Dade Housing Inventory Significantly Shrinking

At the height of the meltdown of the housing market in Miami-Dade County in 2008, the number of months needed to absorb existing inventory was at 29.7 months for single family housing and 40.4 months for condominiums but many...more

3/1/2013 - Condominiums Single Family Housing

Board Of Contributors: Recent Rulings On Condo Contracts Have Widespread Significance

The Interstate Land Sales Full Disclosure Act, a federal statute that was initially designed to prevent unscrupulous land sales of desert land in Arizona and marsh land in Florida, has been one of the primary weapons employed...more

1/11/2013 - Condominiums Construction Contracts ILSFDA Land Developers Lot Descriptions Purchase Agreement Rescission

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