The Great Recession was fueled by bad loans in the real estate market that turned into non-performing loans for many banks. Investors could purchase those non-performing real estate loans directly from banks during those troubled times and those deals were beneficial for the banks because they were able to unload […]
Q: Can the members of our board of directors receive a holiday bonus? (G.M, via e-mail) A: Not to be the “grinch,” but this is generally not a good idea and is usually not legally permissible. Section 720.303(12) of the Florida Homeowners’ Association Act generally prohibits directors and officers from […]
Short-term rental arrangements continue to plague community associations, with owners and powerful lobbying groups for companies like Airbnb constantly devising new tactics for avoiding restrictions. “With Airbnb and those platforms becoming such a huge percentage of rentals,” says Jennifer Horan, a shareholder in the Naples, Fla., office of Becker & […]
By Lidia Dinkova A Deerfield Beach boat upholstery and cover business is still fighting eviction after an appellate court shot down its claim that the coronavirus pandemic played a role in a day-late rent payment. The Cove & Deerfield Beach LLC, controlled by New York’s Bruscas family, filed the commercial […]
There are many issues to consider when buying or selling commercial real estate (CRE) in Florida. The considerations that buyers and sellers face are sometimes different and these issues may differ by asset class as well. This practice note focuses on general considerations for CRE transactions while noting some specific […]
