Condominiums and cooperatives pertain to types of ownership

| Oct 30, 2018 | Condominiums And Cooperatives |

The manner in which a particular piece of real estate is held in Florida is an important consideration. Condominiums and cooperatives are terms that describe two different forms of real estate ownership. A condominium is typically one of multiple units in a building where the unit is owned individually, with the costs and maintenance of the common areas are shared by all the owners. A unit in a cooperative is not actually individually owned; rather, the unit purchaser gets shares in a corporation, which in turn actually owns all the uits and runs the building as a coop.

Any number of legal issues may arise if you live in or own a condominium or cooperative dwelling place or business. Problems can occur on the business side of things, during membership meetings regarding rules and association governance. You may also run into trouble with regard to the enforcement of agreements, collection procedures or insurance issues.

If you are currently facing a property management or building development dispute, you do not need to go it alone when trying to find a solution. It is always a good idea to rely on experienced legal representation in order to protect your rights and real estate interests. Acting alongside an attorney who is well-versed in real estate law removes the burden of having to advocate on your own behalf.

Cuevas, Garcia & Torres, P.A., in Florida, is fully committed to help you resolve any and all legal problems regarding homeowners association issues, document interpretations, amendments and enforcements or any legal issue pertaining to condominiums and cooperatives. Our experienced team can keep you updated on current laws that may affect the outcome of your case. To request a meeting, you can access the contact form, conveniently located on our website.

Archives