The Florida Legislature passed numerous bills primarily affecting real estate in the 2023 session. Most notably may be SB 15, the so-called SB 4-D Glitch Bill that deals with inspections and reserves for condominiums. This...more
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
10/19/2022
/ Accident Scene ,
Condominium Act ,
Condominiums ,
Construction Defects ,
Florida ,
Infrastructure ,
Proposed Legislation ,
Real Estate Development ,
Real Estate Market ,
Regulatory Agenda ,
Safety Inspections ,
Safety Standards
On May 26, 2022 — nearly a year after the partial collapse of Champlain Towers South—Florida enacted new legislation to address safety concerns for condominiums and cooperative buildings with the passage of Senate Bill 4-D....more
A recent decision by the Third District Court of Appeals has engendered uncertainty about the manner of creating mixed used developments containing a residential condominium component in Florida....more
Remedies for defaults under loans secured by real property varies on a state-by-state basis. In the eastern part of the country, enforcement is mostly by mortgage foreclosure. In the western states, there are enforcement...more
For many years we have sought to address the problems faced by mixed-use developments where different uses in a single structure are carved up into separate fee simple parcels. ...more
El estado de Florida aplicó un impuesto a las ventas sobre la renta comercial desde 1969. En la actualidad, el impuesto tiene una tasa del 6 por ciento en cada condado, excepto en Miami-Dade, que fija una tasa del 7 por...more
Once again, after a one-year hiatus, the Florida Legislature has produced several condominium bills. Typically, the Legislature passes a single condominium bill into which other approved bills have been...more
6/2/2017
/ Arbitration ,
Assessment ,
Board of Directors ,
Condominiums ,
Conflicts of Interest ,
Estoppel Certificates ,
Financial Reporting ,
Fire Sprinkler Requirements ,
Florida ,
Fraud ,
Kickbacks ,
Legislative Agendas ,
Proposed Legislation ,
Term Limits ,
Voting Rights
The State of Florida has imposed a sales tax on commercial rents since 1969. Currently, the tax is imposed at the rate of 6 percent in every county except Miami-Dade which fixes the rate at 7 percent by reason of an add-on...more
The Distressed Condominium Relief Act enacted as Part VII of the Condominium Act in 2010 (“Act”) was a temporary measure to encourage absorption of unsold condominium units arising as a result of the Great Recession. This...more
6/17/2015
/ Condominium Act ,
Condominiums ,
Construction Defects ,
Construction Industry ,
Distressed Properties ,
Florida ,
Foreclosure ,
Lenders ,
Miami ,
Mortgages ,
Real Estate Market ,
Residential Real Estate Market ,
Sunset Provisions
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