Hi there strangers! Here I am to distinct out the cobwebs of this dusty corner of the interwebs to provide you an update. Last drop we moved out of our beach condo and moved down the road into a beach front townhouse. (Im however really a lot living in Brooklyn […]
Condo
Older Condo Building Owners May Get Buy-Out Offers
Pressured by significant repair expenditures, a lot more entrepreneurs of older condos could welcome developer acquire-out features if the land’s value outweighs that of all the specific houses. MIAMI – A condominium enhancement development that was by now unfolding prior to the horrific Champlain Towers tragedy in Surfside – the […]
New Lending Rules Threaten Some Condo Sales
Fannie and Freddie tighten condominium-lending rules. Details vary, but they normally won’t back solitary-device apartment financial loans if a creating has deferred maintenance concerns. ORLANDO, Fla. – In reaction to the Surfside tragedy, Freddie Mac introduced last week that it would right away commence taking a closer look at a […]
Fla. Grand Jury Recommends More Condo Inspections
A Grand Jury tasked with recommending Fla. condo regulation adjustments in the wake of the Surfside collapse needs much more inspections, fewer corrosion and more quickly reporting. MIAMI (AP) – A Florida grand jury issued a prolonged checklist of suggestions Wednesday aimed at blocking an additional condominium collapse like the […]
Condo Q&A: Is It Legal for HOAs to Have 50/50 Raffles?
Also: A apartment owner lives in a 125-unit local community, and was advised they require a site and should post specific official information. Have to they? And: An independent contractor/handyman does not lawfully want workman’s comp insurance policies. Is it okay to use him? NAPLES, Fla. – Query: My homeowner’s […]
Questionable design, construction practices likely contributed to Surfside condo collapse
Dive Temporary: Whilst it might take yrs to fully unwind what brought about the collapse of Champlain Towers South in Surfside, Florida, it appears that there had been several points of failure, together with questionable building methods, that could have contributed to the tragedy that killed 98 persons in June, […]
RE Q&A: Can a Condo Community Post Speed Limit Signs?
Men and women cannot adhere to rules they really don’t know about, and pace restrict indicators are a relatively painless initially action – but some communities do even extra to slice down on rushing. FORT LAUDERDALE, Fla. – Issue: I stay in a tiny condominium neighborhood. A number of citizens […]
Condo Owners Now Wondering: “What Does My Insurance Cover?
FORT LAUDERDALE, Fla. – The disastrous collapse of the Champlain Towers South rental in Surfside has panicked condo owners throughout Florida who dread their coverage policies wouldn’t secure them against a money disaster. In numerous cases, their fears are justified. Rental coverage can be an arcane entire world to realize, […]
Condo collapse spurs inspections, questions about other towers
Dive Temporary Area officials are ramping up inspections and audits of substantial-increase properties in Florida, when insurers nationally and people as much absent as California rethink the implications of tower living in the wake of the Champlain Towers South condominium collapse. Miami-Dade County has reportedly upped its scrutiny of structures […]
Legal Q&A: What Are Illegal Condo Board Activities?
Can a delinquent owner’s name be incorporated in the minutes? Can a board ban recordings? Must board members’ names be recorded on how they voted? STUART, Fla. – Concern: Is it poor or unlawful to title a delinquent proprietor and the total owed in the minutes of a conference exactly […]
RE Q&A: Who Can See the Names of Delinquent Condo Owners?
A person condominium owner would like a checklist of house owners who haven’t paid out assessments still. Yet another would like to know how significantly the house manager can make. Do they have a suitable to that information? STUART, Fla. – Question: I am an owner in a condominium. I […]