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Termination: Now You Should Be Scared to Death of It! (FL)

/ Owner - September 2, 2024

Wow! How quickly things change. We’ve spoken about on the Condo Craze and HOAs show about a recent Miami case involving the Biscayne 21 Condominium, where its’ declaration of condominium stated that the condominium can only be terminated with a 100% vote of the owners. However, the declaration could be amended by a vote of 80%. The developer obtained 80% of the units and then changed the declaration to now allow termination with a vote of only 80% of the owners instead of 100%.  Read the article…………………………….

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