Condo Terminations: Breaking Up Gets Harder to Do
On June 16, Gov. Rick Scott signed House Bill 643 into law, making sweeping changes to Section 718.117 of the Florida Condominium Act relating to terminations of condominiums. The changes, which are effective immediately, make optional terminations of a condominium more difficult. The number of optional condominium terminations rose during the recent downturn in the real estate market when developers that owned a majority of units in a condominium development wanted to convert the condominiums to rental apartments or sell the property for conversion to rentals. Read the article………..
This is Part II of legislative changes to the Condominium Act that went into effect Aug. 1. The caveat is
(NC) About the New Required Notice of Voluntary Prelitigation Mediation for HOA and Condominium Disputes
All HOAs and condominium associations in North Carolina now have the legal duty to inform all members at least yearly
Circuit Judge Bill Wright has denied approval of a settlement agreement that was proposed to satisfy a class-action lawsuit brought