I hate beating around the bush, so I want to get to the point. A financial crisis is coming and it’s going to be a big one. It’s also going to hit those that can least afford it. It’s going to result in massive amounts of foreclosures. It’s going to result in countless cases of…
Month: May 2018
Post Turnover: The Job of the New Board of Directors
Over the last two weeks, we spoke about the events that trigger turnover and what the developer’s responsibilities to the association are at turnover. Now comes the hard part. It is important to understand that the first Board of Directors comprised solely of the unit owners has an awesome responsibility. It is their job to…
TURNOVER – PART 2
Last week, we discussed when turnover from developer control to unit owner control is triggered. Relinquishing control of the Board of Directors is not the only responsibility of the developer at the time of turnover however. What Documents Must Be Turned Over by the Developer at Turnover? Generally speaking, in both an…
CONDOMINIUM AND PLANNED DEVELOPMENT LAW RECEIVES SPECIAL RECOGNITION
With the thousands of condominium and HOA communities built in the last two decades or so, it was inevitable that The Florida Bar would, and has now officially, recognized Condominium and Planned Development Law as an area of the law where practicing attorneys can distinguish themselves by becoming Board Certified. Board certification recognizes an…
THE TURNOVER PROCESS: SIMPLIFYING THE PROCESS - REDUCING THE FEAR
New condominiums and HOA communities continue to get built all over the state. The developer gets to control the community while the place is being built and sold, but perhaps the most critical time period in the entire existence of either a condominium or homeowner’s association is when that control of the association eventually passes…
55 AND OVER COMMUNITIES – HOW TO BECOME ONE AND STAY ONE
Yesterday was a big day. I turned 50. It’s a time to not only reminisce about the past, but also a time to think about the future, and retirement and whether or not a “retirement community” or “55 and over” community is in the future. So, what actually is a “55 and over” community? Generally…