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...
Florida Condominium Association Florida HOA Insurance HOME INSURANCE BUSINESS OWNERS PACKAGES AUTO INSURANCE FLORIDA GENERAL LIABILITY INSURANCE Blog Florida Homeowners Association Insurance Requirements to Know About As a Florida homeowners association, it’s important for you to have the right insura...
Renter’s insurance provides you with coverage for your contents and certain liabilities. We offer affordable options to help you choose the coverage that best fits you. Find Out More Condo Condo There are many perks to living in a condominium. Less maintenance (no lawn!) and easy access to...
Renter’s insurance provides you with coverage for your contents and certain liabilities. We offer affordable options to help you choose the coverage that best fits you. Find Out More Condo Condo There are many perks to living in a condominium. Less maintenance (no lawn!) and easy access to...
“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 sell their units due to the law’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 ...
(During the summer of 2021, in a Miami suburb, a 12-story beachfront condominium tower collapsed; 98 people died. Investigators found several issues with how the building was constructed, and it spurred new requirements.) Then there are insurance costs, alluded to above, as the two are ...
Guthrie at the insurance summit Dec. 4 The homeowner can then use the SBA loan to cover the 25% downpayment for the elevation grant. Qualifying for an SBA loan, by the way, often is easier than meeting bank-loan requirements, he argued. ...
These new laws primarily concern requirements for condominiums and cooperatives of this height to have mandatory structural inspections and to fully fund reserves. The following is a summary of what was adopted: CONDOMINIUM ASSOCIATIONS AND COOPERATIVES MANDATORY STRUCTURAL MILESTONE INSPECTIONS OF ...
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