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Search Results: condo lAW

UPDATE: Proposed Condo Law Fails To Pass In Wake Of Surfside Tragedy

Sun Mar 20, 2022 by on Florida Real Estate

As we discussed in an earlier blog, the 2022 Florida State Legislature had before them a proposed law which would have created one of the strictest condo inspection and reserve funding requirements within the United States. The legislation was an attempt to prevent tragedies such as  the horrific Surfside, FL collapse last June, which raised issues of condo ownership, collective […]

UPDATE: Florida Legislature Passes Condo Inspection Law in Wake of Surfside Tragedy

Sun May 29, 2022 by on Florida Real Estate

The Florida Legislature unanimously approved a condominium safety bill, S.B. 4D,  this past week, which now awaits the Governor’s signing. Pursuant to that bill, buildings three stories or higher and thirty years old will have to undergo strict safety inspections and every ten years thereafter. Buildings within three miles of the coast must be inspected before they are twenty-five years […]

Cost of Condo Ownership Likely to Rise Pending New Law In Wake of Surfside Tragedy

Mon Mar 7, 2022 by on Florida Real Estate

Currently, Florida lawmakers are about to pass on a bipartisan basis one of the strictest condo inspection and reserve funding requirements within the United States. The legislation is an attempt to prevent tragedies such as  the horrific Surfside, FL collapse last June, which raised issues of condo ownership, collective responsibility for condo maintenance and upkeep, and inadequate reserves. Under the […]

Post Surfside Tragedy: Effects of New Condo Requirements

After the horrific collapse of the Champlain Towers in Surfside, the Governor signed into law that structural inspections are required of most condos over 30 years old, or 25 years old if located within three miles of the coast.  Reports of these inspections must be presented to condo owners, condo associations, and local municipalities. If the inspections show major structural […]

Florida Set to Enact New Condo Board Regulations

Mon May 22, 2017 by on Florida Law News

  In early March, we posted a blog regarding a Grand Jury decision that held Florida’s Department of Business and Professional Regulation (“DBPR”) and condo boards liable for condo association misconduct. Well, it didn’t take long to heed the calls for further action. The Florida legislature has now passed a bill with bipartisan support (yes, you read that right) to […]

Condo Boards Finally Get Their Comeuppance

Tue Mar 7, 2017 by on Florida Law News

  Condominium ownership is an extremely popular source of home ownership in South Florida; but what most people do not know is the number of issues that arise when living in a condominium. Condominiums are managed by a board of directors that oversee all the matters dealing with the residence.  The owners of the condo units are members of the […]

Oppenheim Law Weekly Winners and Losers: Pending Home Sales, Mortgage Fraud, Job Markets and Subprime Bonds

Reporting on the winning and losing headlines, South Florida Law Blog brings you the break down and what this means to the Florida homeowner. While South Florida is #1 for mortgage fraud and foreclosure settlement talks between banks and the Obama administration appear futile at best, this week’s new was not all doom and gloom. Check out Oppenheim Law and Weston […]