From condo to co-op: can owners avoid Florida’s structural reserves law by changing labels?

/ Owner - April 30, 2024

Question: Can we convert to a co-op to avoid these onerous regulations?  Answer: Your question doesn’t specify which “onerous regulations” you are referring to. You simply labeled your question “condominium laws.” What I can tell you, though, is that cooperatives are governed by Section 719, Fla. Stat. (the Cooperative Act), which is extremely similar to, and just as “onerous” as, the Condominium Act (Section 718, Fla. Stat.).    Read the Q&A………………………………..

Comments are closed.