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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 ...
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 ...
Owners at the Surfside condos in Daytona Beach, where a two-bedroom unit is currently listed for $415,000, have paid between $50,000 and $60,000 in assessments to have their building’s concrete ...
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 ...
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.
State law now bans condo associations from waiving financial reserves for building maintenance, a common practice among associations. By January 2025, they will have to conduct “structural ...
Florida. Florida (/ ˈflɒrɪdə / ⓘ FLORR-ih-də, Spanish: [floˈɾiða]) is a state in the Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia to the north, the Atlantic Ocean to the east, and the Straits of Florida and Cuba to the south. About two-thirds of Florida occupies ...
Florida’s condominium owners are facing unfunded costs imposed by the new law. As one homeowner shared, these costs—ranging from $30,000 to $100,000 per resident—are unsustainable ...