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Sections 20 and 31 are clearly in response to the decision in the Carillon case, which took away control of the common elements in that Miami Beach building from the hotel and gave it to the ...
A 2020 policy brief by Florida International University’s Metropolitan Center offers a potential hint: there are 258,124 residential structures — not all of them condos or buildings — in ...
Alexandra Glorioso. June 14, 2024 at 5:36 PM. Gov. Ron DeSantis on Friday quietly signed a controversial condominium bill into law that unit owners are already threatening to sue over if lawmakers ...
Common area. A common area is, in real estate or real property law, the "area which is available for use by more than one person..." [1] The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees. [2][3] In Texas and other parts of the United States, it is "An area inside a housing ...
The median sales price was $315,000 in July, up 50% from $210,000 in July 2020, per the Florida Realtors. Only 1.1% of Florida homeowners owe more than their home is worth. That means if costs ...
Uniform Common Interest Ownership Act. The Uniform Common Interest Ownership Act was created to provide a model set of laws to govern condominium, cooperative, homeowner association and planned unit development communities in the United States. Variations of the act have been adopted in Colorado, Washington (state), and some other states.
Florida land boom of the 1920s. 1922 Florida billboard promoting the sale of lots. The first real estate bubble in Florida was primarily caused by the economic prosperity of the 1920s coupled with a lack of knowledge about storm frequency and the poor building standards. This pioneering era of Florida land speculation lasted from 1924 to 1926 ...
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 ...