No matter if you are a first-time homebuyer or have experience in investing in real estate, you likely recognize the financial benefits of owning versus renting in the Miami-Dade region. Owning a condominium or cooperative offers many of the same amenities and...
The Florida Senate outlines statutes regarding condominium association operations and management. Under state law, entities acting on behalf of condominium owners must abide by a number of policies and procedures, and are prohibited from personally benefiting from a...
We here at the law offices of , understand that managing condominium associations can be a complex and difficult process, as you and other management entities can be confronted by any number of legal concerns. In addition to supervising...
Back on March 20, we discussed how Florida law allows a single party to decide unilaterally to terminate a condominium association, if that party owns at least 80 percent of the condo’s units. Many investment companies do this in order to sell off the condo so...
Many people in the market for a home choose to buy a condominium. Others may be considering buying a place, either to live in or rent out, but are not quite sure what makes a place a condominium, and what a condo owner’s rights and obligations are.A condominium...
Living in a condominium means that you are tied into a community that shares in the maintenance and upkeep of the building, and must abide by certain rules. The condo association probably has a board that makes important decisions, but most residents will want to have...
The decision whether to keep a condominium the way it is, or convert to apartments, usually comes down to a vote of the members of the condo association. But a loophole in Florida law is allowing real estate companies to take over a building and essentially force out...
Like with any residential property, when a condominium has a serious structural defect, it is natural to want the responsible party to take care of fixing it. Many times, this means the contractor or developer of the property.Litigation against a condominium’s...
The owner of a house risks getting foreclosed on by the bank if he or she falls behind on the mortgage payments, until that debt is paid off. A condominium resident likely has a mortgage too, but there is another way he or she can lose their residence to...
