The CFPB’s Far Reaching Impact on the Residential Mortgage Industry

A lack of developable land in Florida, coupled with a rise in demand for commercial and residential real estate, is leading savvy investors to redevelop aging condominiums.

In 2022, the Florida legislature passed a series of laws impacting the nearly 1.5 million condominium units throughout the state – along with the 28,000 associations overseeing the properties. These strict policy changes may open the door to a significant rise in condo redevelopment.

There is always tension in a hotel condominium between what is good for the brand versus what is good for the individual unit owners. Two recent cases - both involving nontraditional hotel condominiums with unfortunate fact patterns - demonstrated this tension.