Even the possibility of The Florida Legislature going into Special Session in order to solve this alleged condo crisis is insane. You know why? Because our legislators had the guts to fix it two years ago after 98 innocent victims perished in a condominium building that was in a terribly poor, dangerous and unsafe…
Month: August 2024
THE OTHER WAY TO TERMINATE THE CONDOMINIUM
Last week in my blog, I discussed how developers attempt to buy enough units in order to vote to Terminate the condominium. By doing so, the developer files a plan of termination, and buys up all the units. We also spoke about the fact that in some condominiums, a vote of 100% of the owners…
DOES A DEVELOPER ALWAYS HAVE THE ABILITY TO TERMINATE A CONDO?
Let me tell you what you should be looking for in your condominium documents after you stop reading this: the provisions in your declaration of condominium allowing termination of the condominium itself. We know that condo assessments have doubled, tripled or even quadrupled in many instances due to increased insurance premiums, mandatory inspections, mandatory repairs…