For those who currently live in or will move to a condominium (One of the roughly 25,000 units in the tri-county areas), this is for you.
The Condominium Act (Chapter 718 F.S.) has been significantly amended for present and future residents.
Like just about all written statutes, there are pockets of ambiguity and issues that are open to interpretation-Unwritten attorney employment opportunity act.
Technorati Tags: The Condominium Act (Chapter 718 F.S.)There are three areas that residents would be most interested in (insurance, board qualifications and collection of delinquent assessments. The laws affecting insurance and assessment collection were effective as of July 1, and those involving board qualifications went into effect on Oct. 1.
INSURANCE (11) a-o A must read.
Board member candidates; in order to address the issue of qualification must now submit a certificate as proof of knowledge on their governing documents, as well as the provisions of the Condominium Act.
The association is now required to provide owners 30 days written notice via certified and regular mail before they can place a lien on the property.
The Recuset Group
For professional advice on all aspects of buying or selling Real Estate, please contact me Richard Recuset at-786-287-9272 -email: RecusetRealEstate@Gmail.com
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