Real estate closing costs are fees paid by borrowers to their lender, by buyers and sellers to a governmental subdivision, by either party to vendors and to title insurers. When calculating the costs related to a real estate transaction, it is important to be aware of these costs because they can be significant. With the…
Property Management FAQs Property Management FAQs Property owners who are considering hiring a property manager look forward to outsourcing many of the day-to-day maintenance and administrative tasks related to managing a property and its tenants. However, managing a property management company can be a challenge in and of itself. Here at South Florida law we…
If you are the buyer of an existing home, the right title insurance policy can protect you from financial risks associated with the title deed. At South Florida law, we have extensive experience as both real estate closing attorneys and as a title insurance agency. Here are some of the most frequent questions we get…
HOAs vs POAs: There are many ways to manage a community’s amenities, resources, property values and aesthetics. In recent years, a growing number of Florida-based communities have turned to homeowner’s associations (HOAs) or condominium associations (COAs) to manage their communities. There are also, in some cases, Property Owners Associations (POAs) that have an influence in…
Being a commercial real estate investor can be extremely lucrative since commercial property leases tend to yield more for the property owner than residential leases of similarly-sized properties. In addition, commercial real estate leases also have longer durations with tenants staying in the property for much longer than the typical residential lease. Like residential real…
Neighbors are not always neighborly. In fact, neighbor disputes over such issues as property boundaries, encroachments, noise, privacy, unkept yards and parking can easily boil over from mere misunderstandings to legal disputes. Issues with neighbors that escalate into legal conflicts can consume disproportionate amounts of time and money. They can especially make it difficult to…
The need for conflict resolution is in high demand in the homeowner’s association (HOA) space with 24% of all HOA owners cited in a CAI survey as saying that they have had a conflict with their HOA. HOA disputes often deal with residents and owners complaining of HOA harassment, negligence and generally unfair treatment. If…
Many community associations begin life under the sole management of a real estate development company. Then there is a developer-HOA transition in which the real estate developer passes control of the association to the community’s homeowners. In Florida, the process and timing of a developer transition are closely regulated by Florida Statute 720.307 – Transition…
HOAs in Florida Nationwide, HOAs collect $96 billion per year from homeowners. There are 49,000 HOAs in Florida Roughly 9.6 million Floridians live in HOA communities. Each Florida HOA has on average 200 residents. 45% of the state’s population lives in HOA communities. >65% of Florida homeowners are part of HOAs. Some 3.5 million Florida…
As a resident or owner within a mobile home park, it is important to understand mobile home park legal rights in Florida. In the Sunshine State, there are two major types of mobile home parks: The first type is called a single-entity-owned park. These parks lease the lots to residents who thus have a tenant/landlord relationship…
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