Time to Rehab the Aging Condominium Concept
The Practical Real Estate Lawyer
Publication
September 06, 2017
The condominium concept in the United States is now over 55 years of age. Many of the early condominium projects are old and in need of rehabilitation or cannot economically be rehabilitated and are candidates for demolition and redevelopment. This article identifies issues that have been exposed and presents a modest proposal that future condominium statutes and documents include provisions that would help in any future downturns.
This article is reprinted with permission from The Practical Real Estate Lawyer.
Related Practices
RELATED PEOPLE
Partner
YOU MIGHT ALSO LIKE
Sara Barli Herald,Michael A. Hanzman,Joseph M. Hernandez,Kevin M. Koushel, and Carter N. McDowell take part in Bilzin Sumberg's Florida Condo Redevelopment Unleashed: Legal Insights for Florida Developers. This panel aims to:- provide insights into the legal challenges and business strategies of the...
Anthony De Yurre moderates the panel The Missing Middle: Housing Miami’s Workforce at the ULI Miami Symposium. Panelists discuss their plans to deliver housing that is affordable for middle income residents by taking advantage of the new Live Local Act legislation, municipal incentives, and ot...
On June 9, 2023, Governor DeSantis signed Senate Bill 154 (“SB 154”) into law. This was the highly anticipated “glitch bill” to address technical issues with Senate Bill 4-D (“SB 4-D”) - last year’s controversial legislation in response to the collapse of Ch...