Beware the Ides of MRTA! (FL)
Did you know that there is a provision in Florida law that could result in the expiration of the covenants of the homeowner’s association? The Marketable Record Title Act, Chapter 712 of Florida Statutes (“MRTA”), provides that the declaration of covenants and restrictions for a residential homeowners’ associations will expire and no longer serve as the source of marketable title with regard to the transfer of title for individual member’s residences. In effect, the declaration will cease to be and the community will no longer be covered by the former covenants and restrictions. Read the article………….