Condominiums and cooperatives: What to do if obstacles arise

| Feb 21, 2019 | Condominiums And Cooperatives |

Are you part of a community association? There are many condominiums and homeowners associations in Florida. While some people reside full time in the dwellings they own, others live elsewhere, perhaps out of state, some of the time. There are numerous legal problems that can surface concerning condominiums and cooperatives. The good news is that there are also resources available to help overcome them.

Condominium ownerships that are residential typically include individual apartments in multi-unit buildings. There are also commercial condominiums, often associated with office building real estate.  While both refer to common-interest ownership, cooperatives are not as common as condominiums. The main difference between the two is that condominiums generally refer to owned physical properties, whereas cooperatives refer to owning shares of stock in a property.

Common problems associated with community associations include those that arise during elections proceedings or turnover of association control. Litigation often takes place regarding insurance claims or the interpretation, amendment or enforcement of documents. Dealing with building codes and other issues concerning local municipalities can also be quite stressful.

When the goal is to resolve legal problems associated with condominiums and cooperatives as swiftly and economically feasibly as possible, it is always a good idea to hire an experienced real estate law attorney. Cuevas, Garcia & Torres, P.A., has been providing effective guidance and support to Florida property owners for more than 25 years. Helping your community association grow and thrive becomes our highest priority when you schedule a consultation to discuss a current legal problem.

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