In March, Florida’s Third District Court of Appeal issued a pivotal ruling that could significantly impact land developers aiming to acquire entire condominium buildings. The ruling challenges a long-standing practice in Florida, where developers would acquire enough units to gain control of the condo board, enabling them to amend rules and limit a condominium association’s ability to modify its governing documents, particularly regarding the termination of the condominium form of ownership. Read the article…………………………….
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