The Homeowner’s Association (HOA) or Condo Association is the governing administration of a housing or condominium community. The vast majority of new developments and nearly every condo or townhome development in the State of Florida has an HOA board that is made up of volunteer homeowners. There are some basics that all residents who are [...]
Homeowners associations (HOAs) and condo associations, from time to time, end up in potential legal conflicts with their residents. These HOA or condo association disputes are often resolvable through means other than going to court. While residents may represent themselves in these disputes there are distinct advantages to hiring an attorney experienced in handling similar [...]
Property management companies need to be aware of the potential areas of risk and exposure in the typical elevator maintenance contract. In general, these contracts renew automatically at the end of each term and there may be little opportunity to renegotiate the contract once it is signed. However, these are often not contracts of adhesion, [...]
A Florida homeowners' association (HOA) consists of homeowners from a particular geographic area who oversee the rules and regulations regarding what goes on in the community in which they live. HOAs arrange for maintenance of the common areas and they govern the community according to provisions and legal clauses in their bylaws and articles of [...]
As stated in Part I of this series in which we discussed finding the right advisors for non-resident alien investors, the State of Florida is a wonderland of real estate investment opportunities. With hundreds of major cities and suburbs to choose from, commercial and residential properties waiting for the right investor abound. However, there are [...]
The State of Florida is a wonderland of real estate investment opportunities for non-resident alien investors. With hundreds of major cities and suburbs to choose from, commercial and residential properties waiting for the right investor abound. However, there are many pitfalls to avoid when investing in property in Florida - and these pitfalls are particularly [...]
For most people, real estate accounts for larger sums of money paid out on a monthly basis than all other expenses and liabilities. Adding in the four and five-digit lump sums paid as mortgage down payments and rental deposits and it is easy to see why criminals and unscrupulous businesses often target real estate transactions. [...]
As the economic impacts brought on by the COVID-19 pandemic continue, there has been a reduction in businesses and residential tenants' who are able to pay their rent. As a result, businesses and residential tenants are resorting to property abandonment, “walking away” from their leases’ financial obligations. This has been especially true in commercial real [...]
Any residential real estate transaction can be paper-intensive for both the seller and buyer. This is especially true if the home in question is in a Florida-based homeowners association (HOA). This is because Florida HOA’s require a home resale packages to be delivered from the seller to the buyer. Resale packages fill in the buyer [...]
Having a closing attorney to help you in the residential or commercial real estate buying or selling process can be a great help. Nima Ajabshir, Managing Partner of South Florida law explains in this short interview: Q: What does a closing attorney do? Nima Ajabshir, Esq.: A competent real estate closing attorney is a transaction [...]
