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Sunset Provisions Distressed Properties

Lowndes

The Distressed Condominium Relief Act, As The Legislative Dust Settles

Lowndes on

The legislative session ended with a photo-finish, last-hours-of-the-session maneuvering, resulting in the passage of HB 841, which among (many) other unrelated matters also removes the “sunset” provision of the Distressed...more

Bilzin Sumberg

Sunset of Distressed Condominium Relief Act Extended

Bilzin Sumberg on

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

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