News Alert: New Potential Pitfalls in Bulk Acquisitions of Unsold Condominium Units

Bilzin Sumberg Client Alert
Client Alert
December 2008
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Florida's latest community association bill (HB 1021) contains additional changes to the new condominium inspection and reserve requirements first introduced in 2022 — approximately one year after the collapse of Champlain Towers South. Some of the changes include a new exemption for milestone...
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Florida HB 1021 introduces amendments to the state’s Condominium Act, notably creating a new section that legally recognizes "vertical subdivisions" within buildings and addresses the allocation of real estate taxes, maintenance responsibilities, and disclosure requirements for condominiums wi...
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Condo prices in Florida have been steadily falling, fueled by an increasing rate of motivated sellers. Certainly, high interest rates are a part of this trend, but a closer look suggests that changes to the Florida Condominium Act - the state’s laws governing condominium associations - may be ...
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