News & Analysis as of

Real Estate Market Condominiums

Shumaker, Loop & Kendrick, LLP

Florida Senator Proposes Creation of State Database for Homeowners Association Information

On December 13, 2023, Florida State Senator Rodriguez filed Senate Bill 942 (2024), which, if adopted, would require the Department of Business and Professional Regulation (DBPR) to establish a searchable database of certain...more

Sands Anderson PC

Keep Calm and Disclose On: Ten Things You Need to Know About the Virginia Resale Disclosure Act

Sands Anderson PC on

On March 23, 2023, the General Assembly of Virginia amended the Property Owners’ Association Act, Condominium Act, Real Estate Cooperative Act, and Horizontal Property Act in the name of standardization, such changes to be...more

Nelson Mullins Riley & Scarborough LLP

Condominium Law Changes Resulting from the Collapse of the Champlain Towers South

On June 9, 2023, Governor DeSantis signed into law Senate Bill 154 (SB 154, also known as the “Glitch Bill”), which previously passed unanimously in both chambers of the Florida legislature in early May....more

Lowndes

Florida’s SB 154 Attempts to Provide Additional Clarity on Condo Safety Law

Lowndes on

Earlier today (June 9, 2023), Governor DeSantis signed into law Senate Bill 154 (SB 154). Seen by many in the industry as a “glitch bill,” SB 154 is a legislative measure aimed at addressing and resolving certain issues that...more

Cozen O'Connor

Cozen Cities - March 10, 2023

Cozen O'Connor on

CHICAGO — United Center Concessions Workers in One-Day Walkout- Concessions workers at the United Center staged a one-day walkout Sunday that affected food and beverage service during the afternoon’s Chicago Bulls game....more

Bilzin Sumberg

Condo Redevelopment Ushers in New Wave of Investment in Florida

Bilzin Sumberg on

A lack of developable land in Florida, coupled with a rise in demand for commercial and residential real estate, is leading savvy investors to redevelop aging condominiums. Originally Published in The Real Deal....more

Ballard Spahr LLP

Condominium Termination: A Potential Path for Repurposing and Redeveloping Aging Condominium Buildings

Ballard Spahr LLP on

Summary - Termination has been a component of condominium law from its inception but has been pursued only in limited circumstances. It is unfamiliar ground for many associations and practitioners. This article reviews the...more

Shumaker, Loop & Kendrick, LLP

January 1, 2023 Deadline for Condominium and Co-Op Building Report to DBPR Approaching

Each Florida condominium and cooperative association is required, no later than January 1, 2023, to file the following information with the Department of Business and Professional Regulation’s Division (Division) of...more

Bilzin Sumberg

Between a Rock and a Hard Place: Condominiums with Substantial Structural Deterioration

Bilzin Sumberg on

For five months now, Florida condominiums with buildings that are three stories or higher have been on notice of F.S. §553.899, a new statute adopted within Senate Bill 4-D (“S.B. 4-D”) that requires periodic milestone...more

Bilzin Sumberg

Senate Bill 4-D And The Champlain Towers South Disaster: A Problem In Response To A Problem

Bilzin Sumberg on

On June 24, 2021, we witnessed one of the most disturbing events in recent memory. A residential condominium building in Surfside partially collapsed overnight leaving 98 people dead and the surviving residents without a...more

Shumaker, Loop & Kendrick, LLP

Condominium and Cooperative Milestone Inspection, Structural Integrity Reserves, and Mandatory Reserve Checklist

STEP 1: Submit and maintain accuracy of building inventory list with DBPR - Has the Association, no later than January 1, 2023, filed and kept current information with the DBPR including the number of buildings on the...more

Shumaker, Loop & Kendrick, LLP

Florida Enacts Major New Reforms for Condominiums and Cooperatives in Response to Champlain Towers South Collapse 

On May 26, 2022, Florida Governor DeSantis signed Senate Bill 4 into law, imposing substantial new structural safety and reserve requirements on Florida condominiums and cooperative associations. The law is effective...more

Ward and Smith, P.A.

Buying and Selling Real Estate in the Community Associations Universe

Ward and Smith, P.A. on

Community associations ("COAs") are not typically thought of as property owners outside of perhaps the clubhouse, pool, or tennis courts.  However, COAs can and do own those and other types of real estate in many...more

Goulston & Storrs PC

Law of the Land - Real Estate Litigation Newsletter - September 2021, Volume I, Issue IX

Goulston & Storrs PC on

CASES OF NOTE - UPHILL BATTLE FOR RETAIL CANNABIS APPLICANTS  - Mederi, Inc. v. City of Salem, 488 Mass. 60 (2021) Summary: In Mederi, Inc. v. City of Salem, the Massachusetts Supreme Judicial Court grappled with...more

Bilzin Sumberg

Trial Court Order Enforces Condominium Declaration’s Pre-Suit Mediation and Arbitration Provisions

Bilzin Sumberg on

Analysis of Coach Homes II at Gran Paradiso Condominium Association, Inc. v. Lennar Homes, LLC et al, Amended Order Granting Motion to Dismiss or Stay, No. 20 CA 003307 NC (Fla. 12th Cir. Ct. June 28, 2021)....more

Stoel Rives LLP

Condominium Law Alert: New Washington Legislation Allows Condominium Developers to Use Earnest Money Deposits Towards Construction...

Stoel Rives LLP on

Washington recently enacted SB 5024 (the “Bill”), which allows developers to use earnest money deposits towards construction costs in certain circumstances. The Bill will become effective on July 25, 2021....more

Baker Donelson

Required Disclosure of Defects In Home Sales Applies Only To Single Family Residential Property Improved By Less Than Five Units

Baker Donelson on

Compliance with Section 10-702 of the Maryland Real Property Code has been a source of some considerable discussion. It requires that a home seller provide the buyer with a either a “disclosure statement,” by which...more

Bennett Jones LLP

Upcoming Legislative Changes Mean New Obligations for Condominium Developers

Bennett Jones LLP on

Beginning January 1, 2021, changes to the Condominium Act, 1998 will introduce new obligations for condominium developers. Following these changes, declarants must provide Ontario's Residential Condominium Buyers' Guide (the...more

Carlton Fields

Real Property, Financial Services, & Title Insurance Update: Week Ending October 9, 2020

Carlton Fields on

Real Property Update - Condominium / Release: condominium unit owner's claims against condominium association and board were barred by subject release; claims were based on water intrusion resulting from damaged roof that...more

Fox Rothschild LLP

An Eventful Year: 2020 Homebuilding Industry Trends

Fox Rothschild LLP on

All sectors of the construction industry have faced unique challenges in 2020, but none has been more significantly impacted than homebuilding. Widespread protests in urban areas, historically cheap financing for...more

Husch Blackwell LLP

Wisconsin’s WB-14 Residential Condominium Offer To Purchase (CONDO SELLER’S BEWARE)

Husch Blackwell LLP on

Wisconsin’s new WB-14 form will become the standard form used by real estate brokers on behalf of their clients this week: normally the Seller of a condominium unit. As drafted, it is a trap for the Seller, and any Broker...more

Robinson+Cole Construction Law Zone

Will Claims Against Closely-Held Condominium Developers Be Thwarted by New York’s Newly-Adopted Uniform Voidable Transactions...

Property development companies regularly create single-purpose entities (SPE) to acquire new real estate for development, construction or renovations....more

Pullman & Comley, LLC

2020 Environmental Legislative Update No. 2: “Be Careful What You Wish For” - The End of the Transfer Act?

Pullman & Comley, LLC on

Two major environmental bills have come forward on the Senate side. One, proposing changes to the Transfer Act, is largely what might have been expected from the working group created by PA 19-175 to study further...more

Carlton Fields

Real Property, Financial Services, & Title Insurance Update: Week Ending February 7, 2020

Carlton Fields on

Real Property Update - Fraudulent Transfer: Real property that was worth less than mortgage encumbering it was not an asset per the plain language of section 726.102(2) and, therefore, could not support fraudulent transfer...more

Cozen O'Connor

Cooperative and Condominium Tax Abatement Safe from Prevailing Wage Requirement

Cozen O'Connor on

Coops and condos will not need to pay their service employees prevailing wages to keep their units eligible for the Cooperative and Condominium Tax Abatement (the abatement). The abatement reduces property taxes between 17.5...more

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Updated: Dec 28, 2021:

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

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