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Mandate Under s. 720.303(2)(e), Florida Statutes Requires HOA Boards to Consider MRTA at First Regular Board Meeting Each Year

/ Owner - July 2, 2024

The Florida Marketable Record Title Act (MRTA) is a statute that can have harsh consequences, including the ability to extinguish an Association’s deed restrictions if an Association does not take timely remedial measures, such as preservation of its deed restrictions. Due to Associations failing to take appropriate actions to protect their deed restrictions from the consequences of MRTA, the Florida legislature implemented a requirement that an Association’s board of directors address the applicability of MRTA at the first board meeting, following the organizational meeting, each year.     Read the article…………………………….

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