A conventional mortgage for a condominium in Florida requires the conventional mortgage down payment of 20 percent. While the 20 percent rule is not unique to Florida or to condominiums, it holds pretty firm for this type of property in the Sunshine State. Under some lenders, it is possible t...
”reports POLITICO’s Gary Fineout. “Senate President Kathleen Passidomo, who will be stepping down from her leadership post in November, on Friday flatly rejected calls to change a law passed in the wake of the Surfside condominium collapse that killed 98 people. Condo owners are trying to s...
Goldstein adds the most notable differences is that HOAs have more robust protections against self-dealing and conflicts of interest, including the automatic removal of a director in violation of HOA anti-solicitation requirements. This type of removal, he says, is absent from both condominium and ...
However, the fire code is always changing, as are local requirements, which may be more stringent, and if your condominium is a high rise it is HIGHLY recommended that you speak to your local/county fire marshal and/or a fire safety engineer to determine your condominium’s obligations. Crim...
in the same place as the association’s annual meeting. The DBPR recommends that associations refer to the language found in the Condominium and Cooperative Acts, and the Florida Administrative Code, as well as any requirements in the association's documents prior to beginning the election process...