One of the questions I am frequently asked by my community association clients is whether they can restrict rentals by either (1) requiring a minimum lease term, (2) prohibiting rentals for a certain period of time after an owner purchases (for example, one year), (3) setting a maximum number of […]
Termination of a condominium in Florida is a complicated transaction with numerous legal issues at play. F.S 718.117 governs terminations of condominiums and allows termination for economic waste or impossibility or optional termination. Termination because of economic waste or impossibility requires the approval of the lesser of the lowest percentage […]
There are countless reasons that your community association may benefit from providing remote access to meetings of its members or that of its board of directors. In fact, the availability of remote access alone tends to lead to, at the very least, a positive feeling of increased transparency among the […]
One of the most significant financial decisions facing Florida community associations is how to account for reserve funds. Should your homeowners, condominium or co-op association maintain separate accounts for each reserve component, or combine them into a single pooled fund? This choice affects not only your accounting practices but also […]
In the latest issue of Co-op & Condo Case Law Tracker, Becker New York Shareholder Steven S. Anderson analyzes a recent Manhattan condominium defect decision (ADAMS V. BESPOKE HARLEM W., LLC) highlighting the high pleading bar for fraud and fiduciary duty claims while allowing breach of contract and injunctive relief […]
