Bank Commitment Letter Pitfalls for Condominiums

When a condominium association is seeking to obtain a loan, too often the board is signing the Bank’s commitment letter before having that document reviewed by legal counsel. While some banks will permit the association to amend the commitment letter after the fact, through revisions to the loan documents, others […]

Community associations have become very familiar with the statutory requirement that a 30 day Notice of Late Assessment must be sent to an owner prior to turning the account over to an attorney for collections. However, confusion over the need to send a Notice of Late Assessment often arises when […]

This issue of CUP highlights a range of timely topics for board members and managers. Whether you’re preparing for budget season, considering amending election terms, or navigating disaster recovery and insurance claims, we’ve got something for you. Don’t miss our recent webinar explaining the Corporate Transparency Act and the mandatory reporting requirements for all community...

For those of you who own a condominium unit in a high-rise building, you are keenly aware of the many changes through the years to the fire safety requirements for high-rise buildings. The Condominium Act, in Section 718.112(2)(n), Florida Statutes, currently states that all high-rise buildings had to retrofit with […]

Florida lawmakers revised Chapter 718, Florida’s Condominium Act, once again following the 2024 Legislative Session through House Bill 1021, which was signed by Governor DeSantis and became effective July 1, 2024.  One of the most surprising revisions to some, was the addition of criminal penalties for certain conduct in violation […]