The role of Homeowners Association boards in Florida carries significant responsibilities and potential pitfalls. Drawing from state laws, regulatory guidance, and established best practices, successful Florida HOA board governance requires careful attention to both recommended and prohibited actions. Recommended Actions State statute requires Florida HOA boards to maintain detailed financial records. Successful boards go beyond…
Living in a condominium or homeowners’ association (HOA) community in Florida comes with many benefits, but it can also present challenges when board members overstep their authority. If homeowners suspect abuse of power in Florida condo and HOA boards, there are several steps they can take to address the situation. Residents and association members can…
When purchasing or selling real estate in Florida, a clear title is crucial. However, sometimes “clouds” can appear on a property’s title, potentially derailing transactions or causing headaches for property owners. Experienced Florida attorneys tackle these clouds on property titles, ensuring smooth real estate transactions in the Sunshine State. Understanding Clouds on Property Titles A…
Success in Florida commercial real estate hinges in part on understanding legal complexities. While commercial realtors bring invaluable market knowledge and negotiation skills to the table, partnering with a real estate attorney can elevate their service offering and protect both their clients’ interests and their own professional standing. While there are key benefits that can…
Florida’s condominium landscape is vast and complex, with millions of residents calling condos their home. Making sense of the intricacies of condo living can be challenging, but condo owners have a powerful ally in the Florida Division of Condominiums. Nevertheless, due to the intricacies of the law and the overwhelming number of cases compared to…
In March 2024, a landmark court decision led to significant changes in how real estate agents operate in the United States. The National Association of Realtors (NAR) agreed to settle a federal lawsuit for $418 million, resulting in new rules that took effect on August 17, 2024. Agents, buyers, and sellers in Florida real estate…
Florida’s condominium lifestyle attracts many residents and investors, but it can come with often unexpected financial challenges. One such challenge is the dreaded special assessment when condo owners are collectively expected to pay potentially large sums in addition to their condo association fees to maintain or repair the common areas of their buildings. When Florida…
Florida’s sunny beaches and vibrant communities make it a popular destination for second home buyers. However, buying a second home in Florida comes with unique legal and tax considerations. Buyers can benefit from exploring key issues that affect potential buyers including those from out of state or abroad. Property Taxes and Homestead Exemption One of…
Living in a community governed by a Homeowners Association (HOA) comes with both benefits and responsibilities. While HOAs help maintain property values and community standards, they also have the power to enforce rules through fines. The process for issuing Florida HOA fines is strictly regulated. Homeowners can benefit from understanding the steps an association must…
In Florida commercial property law, two common forms of property interests are fee simple ownership and leasehold interests. These terms might sound complex, but understanding the difference between them is crucial for anyone involved in real estate transactions or property ownership in Florida. Fee Simple Ownership: The Gold Standard of Property Rights Fee simple ownership…
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