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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 don’t fix certain ...
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 ...
The law has at least two major flaws: It seemingly exempts the commercial space owner from the structural integrity study and reserve requirements imposed on condominiums after the Surfside ...
Condo associations push for an extension of the Dec. 31 deadline Condo associations want to see the deadline extended and an interest-free loan program set up to help condo owners pay for the repairs.
Surfside condominium collapse. On June 24, 2021, at approximately 1:22 a.m. EDT, [a] Champlain Towers South, a 12-story beachfront condominium in the Miami suburb of Surfside, Florida, United States, partially collapsed, causing the deaths of 98 people. [9] Four people were rescued from the rubble, but one died of injuries shortly after ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
One unique feature of Florida's homestead exemption is that it attaches to proceeds from the sale of a home if the homeowner intends to use those proceeds to establish a new Florida homestead within a reasonable time. Therefore, if the owner of a $1,000,000 home sells that home and puts the money in a bank account, that money is still protected ...
Florida condo owners are being hit with these sky-high assessments for several reasons. Many insurers are demanding extensive repairs or upgrades to common areas as a condition of renewing the ...