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………..
Legislative Update: Estoppel Certificate Bill Dead, Bill to Make Administrative Changes to Association Practices Passes
The premature adjournment “sine die” of the recent session of the Florida House of Representatives spelled the demise of various
House Bill 15-1343 (“HB 1343”) has just been introduced in the Colorado House of Representative to clean-up and improve the
If a condominium unit owner files for bankruptcy protection under Chapter 13 of the Bankruptcy Code and continues to own